1.

ASSERTION: Reserve capital is part of issued share capital that a company resolves not to call except in the event of it being wound up. REASON: Reserve capital is the part of issued capital which is shown in the Balance Sheet of the company. (i) Both A and R are correct (ii) Both A and R are in correct (iii) A is correct but R is incorrect (iv) A is incorrect by R is correct.

Answer»

(iii) A is correct but R is incorrect 



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