WAEC Accounting 2012 Objective — Question 29
Question 29 of 50 from the West African Examinations Council (WAEC) Accounting 2012 Objective paper, with the correct answer and a full explanation.
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The portion of authorized capital that has been allotted to subscribers is
- A. called up capital
- B. paid up capital
- C. issued capitalCorrect
- D. nominal capital
Explanation
Issued capital is the proportion of the authorised capital of the company that has been issued to subscribers.
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