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Question
State whether you agree or disagree with following statement:
In case of Pro-rata allotment the excess application money received must be refunded.
Options
Agree
Disagree
MCQ
True or False
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Solution
In case of Pro-rata allotment the excess application money received must be refunded. - Disagree
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Chapter 8: Company Accounts - Issue of Shares - Exercise 8.1 (Objective Questions) [Page 340]
