HomeTestsSearchRankProfile
easyMCQCUET Accountancy2026Accountancy
1 mark

It is available only for the creditors on winding up of the company.

  1. A
    Registered capital
  2. B
    Subscribed capital
  3. C
    Capital reserve
  4. D
    Reserve capital

Solution & Step-by-step Explanation

Reserve Capital is that part of uncalled share capital which a company resolves, by special resolution, not to call up except in the event of and for the purpose of the company being wound up. It is kept safe to protect the interests of creditors during liquidation.

Practice this question

Try it yourself before checking the explanation above.

It is available only for the creditors on winding up of the company.
A
Registered capital
B
Subscribed capital
C
Capital reserve
D
Reserve capital

Share This Question

Company AccountsShare Capital

Related Questions

easyMCQ

Which one of the following statements is true?

easyMCQ

Which of the following statements is not correct?

easyMCQ

Which one of the following statements is correct?

easyMCQ

The product formed by the reaction of an aldehyde with a primary amine is:

easyMCQ

Which part of the tobacco plant is infected by Meloidogyne incognita?

easyMCQ

The term ecosystem was coined by:

Ready for a Full Test?

Practice with timed mock tests and track your performance across Accountancy.

Browse TestsLeaderboard

Discussion