Question

11. Read the following statements related to Reserve Capital carefully.
i) It is a part of uncalled capital of a company.
il) It cannot be used during the lifetime of a company.
111) It can be used for writing off capital losses.
iv) It is a part of subscribed capital
Choose the correct option:
a) Only i and ii are correct
b) Only ii and iii are correct
c) Only i, ii and iii are correct
d) Only i, ii, and iv are correct​

Answer 1

Answer:

statement 1 & 2 are cortect