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    Question

    The unpaid amount on shares that a company can call upon

    from its shareholders at a later date is called:
    A Called-up Capital Correct Answer Incorrect Answer
    B Paid-up Capital Correct Answer Incorrect Answer
    C Reserve Capital Correct Answer Incorrect Answer
    D Uncalled Capital Correct Answer Incorrect Answer

    Solution

    Uncalled Capital is that part of the subscribed capital which has not yet been called up by the company. The company can demand this amount as and when needed, subject to the terms of the share issue.

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