passwella.
Menu

WAEC Commerce 1997 Question 85

Question 85

Business Calculations

Ali Plc with issued capital of N500,000 in N1.00 shares has for now requested shareholders to pay only 50k for each N1.00 share. The amount requested from the shareholders by the company is called

  1. A.issued capital
  2. B.Called-up capital
  3. C.paid-up capital
  4. D.capital owned
  5. E.borrowed
Show the answer and explanation

Answer: B (Called-up capital)

Explanation

The amount the company has asked shareholders to pay is called-up capital.