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WAEC Financial Accounting 1996 Question 40

Question 40

Company Accounts

The portion of the authorized capital which has not been allotted to members is

  1. A.uncalled capital
  2. B.paid-up capital
  3. C.issued capital
  4. D.authorized capital
  5. E.unissued capital.
Show the answer and explanation

Answer: E (unissued capital.)

Explanation

Authorised capital not yet issued (allotted) to shareholders is unissued capital.