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Question Practice

How is excess money received during over subscription 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
Issue and Redemption of Debentures
Question Bank

How is excess money received d...

Single Answer MCQ
Q-00103423

How is excess money received during over subscription treated?

1

Refunded to all applicants

2

Adjusted against future calls

3

Ignored and written off

4

Added to the company's reserves

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Describe the guidelines provided by SEBI for creating Debenture Redemption Reserve.

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