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AS
Question Practice

What happens to the shares if the shareholder fails to pay the allotment money?

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 shares if ...

Single Answer MCQ
Q-00082460

What happens to the shares if the shareholder fails to pay the allotment money?

1

They are canceled

2

They are forfeited

3

They remain active

4

They are sold to new investors

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What are the features of a company according to the chapter Accounting for Share Capital?

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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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