Correct steps in the procedure of issue

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Target Exam

CUET

Subject

-- Accountancy Part A

Chapter

Accounting for Shares

Question:

Correct steps in the procedure of issue of shares are-

(A) Allotment of Shares
(B) Calls in Arrears
(C) Issue of Prospectus
(D) Receipt of Applications

Choose the correct answer from the options given below:

Options:

(C), (D), (A), (B)

(A), (C), (B), (D)

(B), (A), (D), (C)

(C), (B), (D), (A)

Correct Answer:

(C), (D), (A), (B)

Explanation:

The correct answer is Option (1) → (C), (D), (A), (B)