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AS
Question Practice

What happens to the application money if shares are not allotted?

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

What happens to the applicatio...

Single Answer MCQ
Q-00082461

What happens to the application money if shares are not allotted?

1

It is transferred to Share Capital

2

It must be refunded to applicants

3

It is added to Reserves

4

It is used for other expenses

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Q4.

Which of the following is true about the liability of shareholders in a company limited by shares?

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