Parts payments made on alloted shares by subscribers is usually the
COMMERCE
JAMB 2023
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 Answer: C. called -up capital
Explanation
Called up share capital is shares issued to investors, under the understanding that the shares will be paid for at a later date or in installments.
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