Practicing Success

Target Exam

CUET

Subject

Accountancy

Chapter

Accounting for Shares

Question:
Public subscription of shares will include which of the following events?
Options:
To Issue Prospectus
To Receive Applications
To Make Allotment
All of the above
Correct Answer:
All of the above
Explanation:
Public subscription involves the issuance of a prospectus to inform potential investors about the shares being offered, receiving applications from interested investors, and making the allotment of shares to applicants based on the company's policies and the number of shares available for subscription. All of these events are part of the process of raising capital from the public through the issuance of shares.