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Question

Accountancy Question on Capitalism

Minimum Subscription of capital:

A

Can be less than 90% 90 \% of the Issued capital

B

Should be equal to at least 50% 50\% of Authorised Capital

C

Should be in the range of 80% 80 \% to 90%90\% of the Issued capital

D

Can not be less than 90%90\% of the Issued amount

Answer

Can not be less than 90%90\% of the Issued amount

Explanation

Solution

The correct option is (D) :Can not be less than 90%90\% of the Issued amount