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When the number of debentures applied is less than number of debentures offered to public the issue is said to be ______. -

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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
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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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