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WAEC Financial Accounting 2011 Question 30

Question 30

Company Accounts

The total value received by a company as consideration for shares issued constitutes

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

Answer: A (paid-up capital)

Explanation

Money actually received for shares issued is the paid-up capital.