In the context of company finances, there is a specific portion of the company's capital that is reserved and can only be called up under particular circumstances, specifically during the liquidation of the company. This portion is not utilized in the company's regular financial operations and does not appear on the balance sheet under normal conditions. Which term accurately describes this portion of the capital that is set aside for such special use during the winding up of the company?
Reserve capital refers to the portion of the authorized capital that a company can call up only in the event of liquidation. This is a reserve fund that is kept aside and is not included in the company's balance sheet under normal circumstances.
Magnitude
I. They may feel discouraged at the magnitude of the task before them.
II. We want the magnitude number...
Select the wrongly spelt word.
The word is no longer in use.
Diligence
A. His success was largely due to his diligence .
B. A fire breaks out suddenly in the house of the Empress, due to diligence ...
Accumulated
Directions: In each question below, word is used in four different ways. Choose the option in which the usage of the word is INCORRECT or INAPPROPRIA...
Select the most appropriate synonym of the given word.
ADVERSARY
Disproportionate
Ubiquitous
(i) He aims to make his product ubiquitous by selling it internationally.
(ii) The minister is ubiquitous to having his authori...
Select the word which means the same as the group of words given.
A person belonging to a foreign country
