{"id":53597,"date":"2024-04-15T23:56:18","date_gmt":"2024-04-15T23:56:18","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=53597"},"modified":"2024-04-15T23:56:18","modified_gmt":"2024-04-15T23:56:18","slug":"part-of-capital-which-can-be-called-up-at-the-time-of-winding-up-of-company-is-called","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/part-of-capital-which-can-be-called-up-at-the-time-of-winding-up-of-company-is-called\/","title":{"rendered":"Part of capital which can be called-up at the time of winding up of company is called:"},"content":{"rendered":"<p>[amp_mcq option1=&#8221;Reserve capital&#8221; option2=&#8221;Uncalled capital&#8221; option3=&#8221;Issued capital&#8221; option4=&#8221;Authorised capital&#8221; correct=&#8221;option2&#8243;]<!--more--><\/p>\n<p>The correct answer is: <strong>B. Uncalled capital<\/strong><\/p>\n<p>Uncalled capital is the part of the company&#8217;s capital that has not been called up from the shareholders. It is the amount of money that the company has the right to call up from the shareholders, but has not yet done so.<\/p>\n<p>Uncalled capital can be called up at the time of winding up of the company. This means that the company can ask the shareholders to pay the amount that they have not yet paid.<\/p>\n<p>The other options are incorrect because:<\/p>\n<ul>\n<li>Reserve capital is the part of the company&#8217;s capital that is set aside for a specific purpose, such as meeting unexpected expenses or making investments.<\/li>\n<li>Issued capital is the total amount of capital that the company has offered to the public for subscription.<\/li>\n<li>Authorised capital is the maximum amount of capital that the company is allowed to raise.<\/li>\n<\/ul>\n<p>I hope this helps!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;Reserve capital&#8221; option2=&#8221;Uncalled capital&#8221; option3=&#8221;Issued capital&#8221; option4=&#8221;Authorised capital&#8221; correct=&#8221;option2&#8243;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[85],"tags":[],"class_list":["post-53597","post","type-post","status-publish","format-standard","hentry","category-accounting","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Part of capital which can be called-up at the time of winding up of company is called:<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/part-of-capital-which-can-be-called-up-at-the-time-of-winding-up-of-company-is-called\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Part of capital which can be called-up at the time of winding up of company is called:\" \/>\n<meta property=\"og:description\" content=\"[amp_mcq option1=&#8221;Reserve capital&#8221; 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