In the Balance sheet of a company, under the heading share capital, at the last is shown
a) Authorised share capital
b) Subscribed share capital
c) Issued share capital
d) Reserve share capital
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Answer:
b) Subscribed share capital
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For the above question, the correct option is "Option d" that is Reserve share capital.
Reserve capital: A company may hold a portion of its uncalled capital to be simply in the event of winding up of the company. Such an uncalled amount is called the "Reserve Capital" of the company. It is accessible only for the creditors on the folding up of the company.
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