Question on: JAMB Accounting - 2023
The part of capital issued only at the time of liquidation of the company is
A
issued capital
B
called-up capital
C
paid-up capital
D
reserved capital
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Correct Option: D
The part of capital issued only at the time of liquidation of the company is 'reserved capital.' Reserved capital is not issued to shareholders during normal operations but may be utilized during liquidation to cover any outstanding liabilities.
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