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easyMCQCUET Accountancy 2022 20 Aug Shift 22026Accountancy
1 mark

The money received from applicants to whom no debentures have been allotted will be ________

  1. A
    Refunded
  2. B
    Adjusted
  3. C
    Used later on
  4. D
    not refunded

Solution & Step-by-step Explanation

When applications for shares or debentures are rejected, the application money received from such applicants must be immediately refunded.

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Try it yourself before checking the explanation above.

The money received from applicants to whom no debentures have been allotted will be ________
A
Refunded
B
Adjusted
C
Used later on
D
not refunded

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Company AccountsDebentures

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