That portion of the share capital which the company has asked the shareholders to pay for is known as

Assessment: WAEC SSCE - Commerce - 2011 (Objective) Subject: Commerce

Question 1 Report

That portion of the share capital which the company has asked the shareholders to pay for is known as

Answer Details
The portion of the share capital which the company has asked the shareholders to pay for is known as called-up capital. This means that the company has called upon its shareholders to pay a certain amount of the total authorized capital. For example, if a company has authorized capital of 1,000 shares, and it calls upon shareholders to pay for 500 shares, then the called-up capital will be 500. It is the actual amount of money paid by shareholders to the company and is sometimes also referred to as the "contributed capital".
Read lesson note on Business Capital And Profits (WAEC)
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