The maximum amount beyond which a company is not allowed to raise funds by issue of its shares, is called —

CS CSEET · Business Economics & Fundamentals of Accounting and Auditing · PYQS · December 2013
The maximum amount beyond which a company is not allowed to raise funds by issue of its shares, is called —
(A) Subscribed capital
(B) Called-up capital
(C) Paid-up capital
(D) Authorised capital.

Answer & Explanation:

Correct Answer: Option (D)

Correct answer: (D) Authorised capital..

Topics: Fundamentals of Accounting and Auditing

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