passwella.
Menu

WAEC Commerce 2020 Question 16

Question 16

Business Finance

The part of issued share capital that the company has asked the subscribers to pay for is

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

Answer: B (called-up capital.)

Explanation

Called-up capital is the part of issued capital the company has asked shareholders to pay; paid-up capital is what has actually been paid.