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P2 C1 ACCOUNTING FOR SHERE CAPITAL — Elements of Account STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceElements of AccountP2 C1 ACCOUNTING FOR SHERE CAPITAL1 Mark
Question
What is $'ASBA'?$
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Answer

$'ASBA'$ means an application containing an authorisation to block the application money temporarily in the bank account for subscribing to an issue.

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