Nominal value of shares allotted to the public is called ________ capital. (Fill in the blank by choosing correct option)
(a) authorised
(b) reserve
(c) paid up
(d) subscribed
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reserve hope this will help you
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Answer:
Option A – Authorised capital.
Explanation:
Authorised capital is the amount that a company is authorised to raise as capital and what is shown in its balance sheet. Each share that is issued to the public will have a value to it, which is fixed at the time of issuance.
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