BUSINESS ADMINISTRATION
FINANCIAL ACCOUNTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The portion of issued capital which is subscribed by the public is called ____
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Called-up Capital
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Subscribed Capital
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Paid-up Capital
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Nominal Capital
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Explanation:
Detailed explanation-1: -Subscribed capital is that part of the issued capital which has been actually subscribed by the public.
Detailed explanation-2: -Subscribed capital is that part of issued capital that has been subscribed for by the public. If, say, 13, 000 shares of Rs 100 each are offered to the public and the public applies for 12000 shares, the subscribed capital will be Rs 12, 00, 000.
Detailed explanation-3: -That portion of the subscribed capital which has not yet been called up is known as un-called capital.
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