Practicing Success

Register
Start Free Mocks
CUETMOCK

Ace Your

CUET Preparation Today

Start Free Mocks
Home Questions 4S7KTFB27R
Target Exam

CUET

Subject

Accountancy

Chapter

Accounting for Shares

Question:

A company invites applications for issuing 10000 equity shares and the public applied for 8000 shares. Can the company proceed for the allotment of shares?

Options:

Yes

No

Depend on company

Depending on the money requirement of promoters

Correct Answer:

No

Explanation:

The minimum subscription is not received as it should be 90% (10000 X90/100 = 9000 shares).

CUET Questions