Reserve Capital is that portion of uncalled capital which, by a special resolution, a company decides to call only in the event of winding up. It is different from Capital Reserve, which is created out of capital profits.
When a company reserve a portion of its uncalled capital to be called in the event of winding up, such uncalled capital is known as:-
Held on 20 Jun 2023 · Verified 13 Jul 2026.
Reserve capital
Capital Reserve
Called up Capital
Subscribed Capital
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The period of how many month/months must elapse between two calls.
Which of the following statements are true with reference to a "company"? (A) The directors of the company are the owners of the company. (B) A company is an artificial person. (C) A company has its common seal. (D) The liability of the members of the company is limited to the extent of shares held by them Choose the correct answer from the options given below:
A share having a face value of Rs.12, on which Rs. 10 is called-up and Rs. 8 is paid, is forfeited. State the amount with which the Share Capital account will be debited
Amount of discount allowed on the reissue of forfeited shares cannot exceed the amount that has:-
Match List-I with List-II | List-I | List-II | |---|---| | (A) Calls in advance | (I) The maximum number of members is 200. | | (B) Calls in arrears | (II) 12 % | | (C) Private company | (III) 10 % | | (D) Public company | (IV) No limit on the maximum number of members. | Choose the correct answer from the options given below:
Work through every CUET UG Company Accounts PYQ, year by year.