Authorised share capital is:
AMaximum capital a company can issue, fixed in its memorandumCORRECT
BCapital already issued and paid
CLoans from shareholders
DReserves
CIBNFinancial Accounting
AI
Toaster Teacher
Why the answer is A, and why the others tempt you.
Authorised (registered) capital is the ceiling set in the company's constitutional documents; issued capital is what has actually been allotted.
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