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Home/Practice questions/Accountancy Part A
Accountancy Part AAccounting for Shares

Application money should be at least __________ of the face value of…

Application money should be at least __________ of the face value of share.

Answer & explanation+

Correct answer: option 3

The correct answer is Option (3) → 5%

NCERT (2026-27 edition):
Issue of Shares

Extract from the NCERT textbook

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