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प्रश्न
On the basis of following account, choose the correct option:
| Dr. | SHARES APPLICATION ACCOUNT | Cr. | |
| Particulars | ₹ | Particulars | ₹ |
| To Bank A/c | 8,50,000 | By Bank A/c | 8,50,000 |
पर्याय
Shares Issue is subscribed and shares have been allotted.
Shares Issue is undersubscribed.
Shares Issue is undersubscribed and minimum subscription is not received.
Shares Issue is undersubscribed and minimum subscription is received.
MCQ
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उत्तर
Shares Issue is undersubscribed and minimum subscription is not received.
Explanation:
The entire application money of ₹ 8,50,000 has been refunded through Bank A/c and no amount has been transferred to Share Capital A/c. This shows that the company did not receive the required minimum subscription, so shares could not be allotted.
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