passwella.
Menu

WAEC Financial Accounting 2011 Question 40

Question 40

Company Accounts

When shares are issued to the public and the issuing company has not requested for payments, it is referred to as

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

Answer: C (uncalled capital)

Explanation

The part of issued capital not yet called up is uncalled capital.