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Commerce · Q338

Accounting

Graduate and Post Graduate · Commerce · question 338

Q338

Reserve capital means

A.
Part of subscribed uncalled capital
Answer
B.
Accumulated profit
C.
Part of Capital Reserve
D.
Part of Capital Redemption Reserve

Answer: Option A

Solution

Answer: Option A
Solution:
Reserve capital means Part of subscribed uncalled capital. Reserve Capital is defined as a part of subscribed uncalled capital, which will not be called up until and unless the company goes into liquidation.
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