Parts payments made on alloted shares by subscr... - JAMB Commerce 2023 Question
Parts payments made on alloted shares by subscribers is usually the
A
authorized capital
B
subscribed capital
C
called -up capital
D
issued capital
correct option: c
Called-up capital refers to the part of the subscribed capital that the company has called on its shareholders to pay. It represents the portion of the subscribed capital that the shareholders are actually asked to pay, which can be less than the total amount subscribed.
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