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easyMCQCUET Accountancy 2022 23 Aug Shift 2 PYQs2026Accountancy
1 mark

Uncalled capital that can be called up only in event of winding up of the company is called :

  1. A
    Capital Reserve
  2. B
    Issued Capital
  3. C
    Reserve Capital
  4. D
    Unissued Capital

Solution & Step-by-step Explanation

Reserve Capital is that portion of the uncalled share capital which a company has resolved, by special resolution, not to call up except in the event and for the purposes of the company being wound up.

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Uncalled capital that can be called up only in event of winding up of the company is called :
A
Capital Reserve
B
Issued Capital
C
Reserve Capital
D
Unissued Capital

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