Accountancy, asked by pawarsatish4863, 3 months ago

what is the portain of capital which is called up only on liquidation of company?

Answers

Answered by gaurangvaghela674

Answer:

Explanation:

A company may reserve a portion of its uncalled capital to be called only in the event of winding up of the company. Such uncalled amount is called 'Reserve Capital' of the company. It is available only for the creditors on winding up of the company.

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