Reserve Capital and Capital Reserve carry the same meaning.
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Company AccountsQ-1 | Introduction to Company AccountsQuestion 5214 of 112
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Detailed Solution & Explanation
False: Reserve Capital refers to that portion of uncalled up share capital which shall not be
capable of being called up except in the event of winding up. Capital Reserve is a reserve
which is created out of capital profits.
About This Chapter: Partnership & Companies
Paper
Paper 1: Accounting
Weightage
15-20%
Key Topics
Admission, Retirement, Death, Shares, Debentures
This chapter covers Admission, Retirement, Death, Shares, Debentures and is part of Paper 1: Accounting in the CA Foundation exam.
View Official ICAI SyllabusExam Strategy Tip
This topic carries 15-20% weightage. Focus on understanding core concepts rather than memorizing.
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