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JAMB Commerce 2000 Question 12

Question 12

Business Finance

The share capital value that forms part of the balance sheet total is the

  1. A.paid-up share capital
  2. B.called-up share capital
  3. C.authorized share capital
  4. D.issued share capital.
Show the answer and explanation

Answer: A (paid-up share capital)

Explanation

Only the capital actually paid by shareholders (paid-up capital) is added into the balance sheet total; authorised capital is shown as a note.