Question : A portion of subscribed uncalled capital known as __________ and is referred to as such since it won't be called up unless and until the Company is unable to pay its debt in full, at the time of liquidation of the Company.
Option 1: Issued Capital
Option 2: Subscribed Capital
Option 3: Reserve Capital
Option 4: Capital Reserve
Correct Answer: Reserve Capital
Solution : A portion of subscribed uncalled capital known as reserve capital is referred to as such since it won't be called up unless and until the Company is unable to pay its debt in full, at the time of liquidation of the Company. Hence, the correct option is 3.
Question : The part of uncalled capital, to be called only in the liquidation of a company is called:
Option 1: Un-reserved Capital
Option 2: Reserve Capital
Option 3: Capital Reserve
Option 4: Calls-in Arrears
Question : Arrange the following in proper sequence as a type of share capital :
(a) Paid up Capital
(b) Issued Capital
(c) Subscribed Capital
(d) Called up Capital
Option 1: Issued, Called-up, Paid-up, Subscribed
Option 2: Issued, Paid-up, Subscribed, Called-up
Option 3: Issued, Subscribed, Called-up, Paid-up
Option 4: None of the above
Question : The portion of the capital that may only be accessed during the company's dissolution/winding up is referred to as-
Option 1: Called up Capital
Option 2: Authorised Capital
Option 3: Nominal Capital
Option 4: Reserve Capital
Question : Which of the following capitals is missing from the Balance Sheet of a company?
Option 1: Authorised Capital
Option 2: Called & Paid up capital
Option 3: Issued and subscribed capital
Question : Reserve capital is a part of_____________.
Option 2: Forfeited share Capital
Option 3: Unsubsribed capital
Option 4: Capital to be called up only on liquidation of company
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