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12th Class Accountancy Accounting For Share Capital Question Bank MCQs - Accounting for Share Capital

  • question_answer
    Which of the following statements does not relate to 'Reserve Capital'?        (CBSE 2020)

    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

    Correct Answer: C

    Solution :

    [c] It can be used for writing-off capital losses


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