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Reserve capital is that… (Class 12 Accountancy 2026, Q6a)

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AccountancyCBSE Class 12 · Board exam 2026, set 67/5/1 · 1 mark · MCQ

CBSE Class 12 Accountancy 2026: question 6(a)

Set in the CBSE Class 12 board exam of 2026, paper 67/5/1, section A, question 6(a), for 1 mark. Try it first; the hints and our step-by-step solution are below.

Q6(a) · 1 mark · MCQAccounting for Share Capital

Reserve capital is that portion of the _________ capital that can be called only in the event of winding up of the company.

  1. (A)called-up
  2. (B)uncalled
  3. (C)paid-up
  4. (D)subscribed

Source: official question paper from cbse.gov.in (PDF). See it in the full 2026 board paper, set 67/5/1.

Hints

Open one hint at a time and try again before the next.

Hint 1

Has this money been called up yet?

Hint 2

It is kept back for winding up.

Step-by-step solution

Each step shows the marks it earns, as an examiner would award them. Checked by an independent re-solve from the question paper.

  1. Reserve capital is a part of the uncalled capital that the company decides, by special resolution, to call up only if it is wound up.

  2. So the blank is "uncalled". Option (B).

    1 mark

Answer: (B) uncalled

Where the marks are

  • Uncalled capital (1 mark)

Revise the chapter

Practise this chapterBoard-style questions from Accounting for Share Capital, one at a time, marked against the answer key and marking points.Back to the full paper2026 board paper, set 67/5/1: every question, by section.

The question is transcribed from the official paper; figures are described in words. The solution, hints and chapter tag are ours. Spotted an error? Write tosupport@questionbuddy.in.