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12th Class Accountancy Accounting For Share Capital Question Bank MCQs - Accounting for Share Capital

  • question_answer
    Vinod Ltd. offered 10,000 shares to the public @ 10 each. Applications were received for 15,000 shares. Directors decided to allot shares to all the applicants. This allotment is called :

    A) Under-Subscription

    B) Uncalled Capital

    C) Reserve Capital

    D) Pro-rata Allotment

    Correct Answer: D

    Solution :

    Pro-rata Allotment


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