Which of the following statements about share capital is TRUE?

(A) A company's shares are generally transferable.
(B) Share application account is a personal account.
(C) The part of capital which is called up only on winding up of a company is called reserve capital.
(D) Paid up capital can exceed called up capital.

Choose the correct answer from the options given below:

(A), (B) and (C) only

The correct answer is Option (2) → (A), (B) and (C) only

(A) A company's shares are generally transferable. (True)
(B) Share application account is a personal account. (True)
(C) The part of capital which is called up only on winding up of a company is called reserve capital. (True)
(D) Paid up capital can exceed called up capital. (False)