Which of thefollowingnstatements is false? – McqOptions

MCQOPTIONS

1.	Which of thefollowingnstatements is false?
A.	Issued capital can never be more thanauthorized capital
B.	In case of under subscription, issued capitalwill be less than thesubscribed capital
C.	Uncalled capital may be converted intoreserve capital
D.	Paid up capital is equal to called up capital less calls in arrears
Answer» C. Uncalled capital may be converted intoreserve capital

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