242. Reserve capital means

Part of subscribed uncalled capital
Accumulated profit
Part of Capital Reserve
Part of Capital Redemption Reserve
✅ The correct answer is A.
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.

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top