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

  • question_answer
    In case of private placement of shares and company does not invite the general public for subscription of shares in that case, company instead of issuing prospectus:

    A) prepares the statement in lieu of prospectus

    B) prepares the report

    C) prepares the budget

    D) prepares the asset side of balance sheet  

    Correct Answer: A

    Solution :

    [a] prepares the statement in lieu of prospectus


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