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Question
When the number of debentures applied is less than number of debentures offered to public the issue is said to be ______.
Options
Over subscribed
Under subscribed
Fully subscribed
None of the above
MCQ
Fill in the Blanks
Solution
When the number of debentures applied is less than number of debentures offered to public the issue is said to be Under subscribed.
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Accounting Treatment for Share Capital
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