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Question
Match the pair and identify the correct option.
(1) Under subscription – (i) Amount prepaid for calls
(2) Over subscription – (ii) Subscription above the offered shares
(3) Calls in arrear – (iii) Subscription below the offered shares
(4) Calls in advance - (iv) Amount unpaid on calls
Options
(1)- (i), (2)-(ii), (3)-(iii), (4)-(iv)
(1)- (iv), (2)-(iii), (3)-(ii), (4)-(i)
(1)- (iii), (2)-(ii), (3)-(iv), (4)-(i)
(1)- (iii), (2)-(iv), (3)-(i), (4)-(ii)
MCQ
Solution
(1)- (iii), (2)-(ii), (3)-(iv), (4)-(i)
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Introduction to Company Accounts
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