Arrange the following related to issue of shares in the correct sequence:
(A) Allotment of Shares
(B) Issue of Prospectus
(C) Receipt of Applications
(D) Remaining amount of shares on call (if any)
Choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 2
Correct answer: Option (2) → (B), (C), (A), (D)
Concept: Steps in the procedure for issue of shares to the public, per Accounting for Share Capital.
(B) Issue of prospectus → (C) receipt of applications along with application money → (A) allotment of shares → (D) calling up the remaining amount on allotment and calls. Hence B, C, A, D.