Total applications received are for : Option 1: 90,000 shares Option 2: 50,000 shares Option 3: 40,000 shares Option 4: 60,000 shares

The answer is '90,000 shares'. View full solution:

CUET Accountancy - Total applications received are for : | PYQs + Solutions

CUET Accountancy 2022 23 Aug Shift 2

Company Accounts

Easy

90,000 shares

50,000 shares

40,000 shares

60,000 shares

✅ Correct Option: 1

Related questions:

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The Profit on reissue of forfeited shares is transferred to-

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Securities premium Reserve can be utilised ___

A. to return excess money received on application

B. to write off preliminary expenses

C. to issue partly paid bonus shares

D. for premium paid on Redemption of Debentures or preference shares

E. for buy back of shares

Choose the correct answer from the options given below:

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As a general rule, a company cannot ordinarily issue shares at ..................?