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AS
Question Practice

In a situation of under subscription, what happens to the shares that were not applied for?

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

In a situation of under subscr...

Single Answer MCQ
Q-00082410

In a situation of under subscription, what happens to the shares that were not applied for?

1

They are allotted to existing shareholders

2

They must be reissued immediately

3

They are cancelled

4

They can be kept for future allotment

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