JAMB Commerce 2019 Objective — Question 8

Question 8 of 40 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2019 Objective paper, with the correct answer and a full explanation.

The share capital value that forms part of the balance sheet total is the

A. issued share capitalCorrect
B. called-up share capital
C. authorized share capital
D. paid-up share capital

Explanation

Issued capital is the amount of capital already subscribed and paid for by the public; it is this capital equivalent that forms part of the balance sheet.

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