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  3. 12th Class
  4. Accountancy
  5. Financial Statement Of Company

12th Class Accountancy Financial Statement Of Company Question Bank MCQs - Financial Statements of a Company

  • question_answer
    If application money is received before the date of the Balance Sheet but shares are allotted after the Balance Sheet date, it is recorded as:

    A) Share Warrant

    B) Application money pending allotment

    C) Calls in Arrears

    D) Reserve Capital

    Correct Answer: B

    Solution :

    Application money pending allotment


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