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easyMCQCUET Accountancy 2022 15 July Shift 22026Accountancy
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When the number of Debentures applied for is more than the number of debentures offered to the public, the issue is said to be:

  1. A
    Under subscribed
  2. B
    Over subscribed
  3. C
    Fully subscribed
  4. D
    Pro-rata basis allotment

Solution & Step-by-step Explanation

When applications received exceed the total securities offered, it is a condition of over-subscription. Pro-rata allotment is a method used to deal with over-subscription, but the condition itself is called over-subscribed.

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When the number of Debentures applied for is more than the number of debentures offered to the public, the issue is said to be:
A
Under subscribed
B
Over subscribed
C
Fully subscribed
D
Pro-rata basis allotment

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Company AccountsDebenturesSubscription Types

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