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GCE Commerce 1990 Question 70

Question 70

Business Finance

The authorised capital of a company is also referred to as its

  1. A.called-up capital
  2. B.issued capital
  3. C.subscribed capital
  4. D.nominal capital
  5. E.unissued capital
Show the answer and explanation

Answer: D (nominal capital)

Explanation

Authorised, nominal and registered capital all mean the maximum capital stated in the memorandum.