NABTEB QUESTIONS

Write short notes on any five of the following: (a) Called up capital (b) Paid up capital (c) Issued capital (d) Poste restante (e) Capital employed (f) Capital owned. – NABTEB QUESTION

ANSWERS

a. Called up capital: This is the amount of money called up on the shares that have been subscribed

b. Paid up capital: This is the actual amount of capital that share holders have paid to the company. At times, shares are paid in installments or when the share holders are called upon to make payment

c. Issued capital: This is the amount of share capital which is actually issued for subscription to members of the public

d. Poste restante: This service is intended for a person travelling out of normal residence. During the period he will be away, he arranges for mails to be addressed to the post office of a place he is going

e. Capital employed: This is the total assets of the business, both fixed and current. This is the total value of the resources used in running the business.

f. Capital Owned: This is the excess value of the assets of a business over the value of its liabilities, both long and short term.

Sunday

Share
Published by
Sunday
Tags: NABTEB

Recent Posts

List of Universities Offering Veterinary Medicine in Nigeria

Veterinary medicine is the branch of medicine that deals with the prevention, diagnosis, and treatment…

4 months ago

List of Universities Offering Anthropology in Nigeria

Anthropology is the scientific study of human beings and their cultures. It encompasses a wide…

4 months ago

List of Universities Offering Sociology in Nigeria

Sociology is the scientific study of human society, culture, and behavior. It examines the social…

4 months ago

List of Universities Offering Social Work in Nigeria

Social Work is a profession dedicated to helping individuals, families, and communities to cope with…

4 months ago

List of Universities Offering Religious Studies in Nigeria

Religious studies is an academic discipline that explores the beliefs, practices, and history of various…

4 months ago

List of Universities Offering Public Administration in Nigeria

Public administration is the field of study and practice that focuses on the organization and…

4 months ago