Match List-I with List-II:List-IList-II(A) Calls in Arrears(I) This is the case when applications for more shares of a company are received than the number offered to the public for subscription.(B) Calls in Advance(II) This is a situation where the number of shares applied for is less than the number for which applications have been invited for subscription.(C) Over Subscription(III) The amount due that shareholders fail to pay on allotment or on any of the calls.(D) Under Subscription(IV) The amount sometimes received from the shareholders as a part or the whole of the amount of the calls not yet made.Choose the correct answer from the options given below:
- A(A) - (I), (B) - (II), (C) - (III), (D) - (IV)
- B(A) - (I), (B) - (III), (C) - (II), (D) - (IV)
- C(A) - (I), (B) - (II), (C) - (IV), (D) - (III)
- D(A) - (III), (B) - (IV), (C) - (I), (D) - (II)
Solution & Step-by-step Explanation
The correct mapping for the terms related to share capital is:Calls in Arrears (A) matches with (III): The amount due that shareholders fail to pay on allotment or on any of the calls.Calls in Advance (B) matches with (IV): The amount sometimes received from the shareholders as a part or the whole of the amount of the calls not yet made.Over Subscription (C) matches with (I): This is the case when applications for more shares of a company are received than the number offered to the public for subscription.Under Subscription (D) matches with (II): This is a situation where the number of shares applied for is less than the number for which applications have been invited for subscription.Therefore, the correct combination is (A) - (III), (B) - (IV), (C) - (I), (D) - (II).