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WAEC Financial Accounting 2024 Question 42

Question 42

Company Accounts

The proportion of the issued capital to be paid later is

  1. A.Called-up capital.
  2. B.Authorized capital.
  3. C.Uncalled-up capital.
  4. D.Paid-up capital.
Show the answer and explanation

Answer: C (Uncalled-up capital.)

Explanation

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