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AS
Question Practice

If excess application money is received, how should it be treated?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 12
Accountancy
Accountancy Part - II
Accounting for Share Capital
Question Bank

If excess application money is...

Single Answer MCQ
Q-00082450

If excess application money is received, how should it be treated?

1

Kept as reserve capital

2

Returned to the applicants

3

Adjusted against allotment dues

4

Converted into preference shares

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