CameraIcon

SearchIcon

MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Adjustment of Accumulated Reserves

The part of t...

Question

The part of the capital which will be called up only in the event of winding up of the company is called _____ capital.

A

issued

No worries! We‘ve got your back. Try BYJU‘S free classes today!

B

paid-up

No worries! We‘ve got your back. Try BYJU‘S free classes today!

C

reserve

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

D

uncalled

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is B reserve
Uncalled capital may be converted in to reserve capital. Reserve capital will be called at the time of winding up of the company to meet the liabilities.

Suggest Corrections

thumbs-up

0

Similar questions

Q. The Part of share capital which can be called up only up on the winding up of a company is called.

Q. The part of share capital, which can be called up only on the winding up of a company, is called __________________.

Q. A voluntary winding up of a company in the case of which no 'Declaration of solvency' is required, is called ___________.

Q. The portion of the share capital which cannot be called up except on the winding up is known as _______________.

Q. Company can be called government company if _________% of paid up share capital is held by government company.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Retirement of a Partner - II

ACCOUNTANCY

Watch in App

explore_more_icon

Explore more

Adjustment of Accumulated Reserves

Standard XII Accountancy

Join BYJU'S Learning Program

CrossIcon