English

The issue of minimum subscription does not arise in case of ______.

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Question

The issue of minimum subscription does not arise in case of ______.

Options

  • Oversubscription.

  • Undersubscription.

  • Shares fully subscribed.

  • Both Oversubscription and Shares fully subscribed.

MCQ
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Solution

The issue of minimum subscription does not arise in case of both oversubscription and shares fully subscribed.

Explanation:

The question of minimum subscription arises only when shares are undersubscribed. In case of oversubscription or full subscription, the required minimum subscription is automatically achieved.

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Chapter 8: Accounting for Share Capital - QUESTIONS [Page 8.112]

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TS Grewal Accountancy Double Entry Book Keeping Volume 1 and 2 [English] Class 12
Chapter 8 Accounting for Share Capital
QUESTIONS | Q 20. | Page 8.112
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