CBSE Class 12 Accountancy Accounting For Share Capital Online Test Set K

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Question 1

Question

Shubham Limited invited applications for subscription of 10,000 Equity shares @ Rs.10 each. Applications were received for 20,000 shares. This situation is called

Answer

Pro Rata Allotment of share

Under subscription of shares

Full Allotment of shares

Oversubscription of shares