Question

Select the most appropriate answer from the alternatives given below and rewrite the sentence :

Paid up, value of all shares allotted is called ______________ capital.
a) uncalled
b) issued
c) subscribed
d) nominal

Answer 1

Paid up value of all shares allotted is called subscribed capital.

Explanation: The part of the issued capital that is subscribed to and paid by the public is called subscribed capital.