Multiple Choice Questions on Minimum subscription amount of 90 is related to which share capital ........ for UPSC EPFO Exam Preparation

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Multiple Choice Questions

Minimum subscription amount of 90 is related to which share capital ........

General Accounting Principles Accounting for Shares
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    Minimum subscription amount of 90% is related to which share capital :

    Authorised Capital

    Incorrect Answer

    Issued Capital

    Correct Answer

    Paid up Capital

    Incorrect Answer

    Reserve Capital

    Incorrect Answer
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    Explanation:

    Issued Capital means such capital as capital as the company issues from time to time for subscription. Minimum subscription amount of 90% is related to issued capital of the company.it is a part of authorised capital thats issued for subscription.

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