Question

Uncalled capital refers to ____________________.

• A. That portion of subscribed capital which has not yet been called up by the company
• B. That portion of unissued capital which has not yet been called up by the company.
• C. That portion of authorized capital which has not yet been issued.
• D. Reserve capital only.
• E. None of the above

Answer 1

Answer: (A)

That portion of subscribed capital which has not yet been called up by the company

Share capital refers to the amount of funding a company raises on the sale does not contribute to the issuing company's share capital. Any funds due for shares issued but not fully paid for are called-up share capital.