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Question Practice

What is the treatment of excess application money in the debenture issuance process?

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MCQ_SA
CBSE
Class 12
Accountancy
Accountancy Part - II
Issue and Redemption of Debentures
Question Bank

What is the treatment of exces...

Single Answer MCQ
Q-00082557

What is the treatment of excess application money in the debenture issuance process?

1

Refund immediately.

2

Transfer to capital reserves.

3

Credit to Debentures Allotment A/c.

4

Deduct from total debentures issued.

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