The company’s paid-up capital is?

A. #70,000
B. ₦80,000
C. ₦220,000
D. ₦120,000

Correct Answer: Option B

B. ₦80,000

Explanation

Paid-up capital is the total amount paid up or credited as paid up, on the issued share capital.
From the question above, the issued share capital is ₦100,000 and two of the shareholder owes ₦20,000. Therefore, the paid-up is 100,000 – 20,000 = ₦80,000.