NABTEB Accounting 2020 Objective — Question 38

Question 38 of 50 from the National Business and Technical Examinations Board (NABTEB) Accounting 2020 Objective paper, with the correct answer and a full explanation.

A unit of a company's capital is

A. shareCorrect
B. stock
C. premium
D. debenture

Explanation

A share is a unit of a company's capital, while stock is the capital raised through issue of shares expressed in aggregate.

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