The number of days required from the time of issue of the prospectus to the complete allotment should not exceed
A) 30 days
B) 60 days
C) 90 days
D) 120 days
Correct Answer:
Verified
Q9: Accumulated depreciation is an example of
A)An expense
B)an
Q10: Share application is classified as
A)Real account
B)personal account
C)impersonal
Q11: A newly established company cannot issue shares
Q12: The minimum share application is
A)1% of the
Q13: The difference between subscribed capital and called
Q15: The excess price received on the par
Q16: The security premium will be shown under
Q17: As per Table A of the companies
Q18: The rate of interest a company can
Q19: The rate of discount on shares cannot
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