Which of the following statements does not relate to ‘Reserve Capital’: [1]
A. It is part of uncalled capital of a company.
B. It cannot be used during the lifetime of a company.
C. It can be used for writing off capital losses.
D. It is part of subscribed capital.
Answer:C
Which of the following statements does not relate to ‘Reserve Capital’: [1]
A. It is part of uncalled capital of a company. B. It cannot be used during the lifetime of a company. C. It can be used for writing off capital losses. D. It is part of subscribed capital.