1. Explain the following terms as used in commerce 4mks i) Registered capital ii) Subscribed capital iii) Issued capital iv) Paid up capital

i) Registered Capital –  Amount of capital that a company can raise from its registered members

ii) Subscribed Capital –  The portion of issued share capital that has been accepted by the shareholders

iii)   Issued Capital    –   The portion of the authorised share capital that has been offered to the shareholders.

iv) Paid up capital –   The amount of subscribed share capital paid up by the shareholders of a company.