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Company Accounts – Issue of Shares — Book Keeping & Accountancy STD 12 Commerce / Arts — Question

Maharashtra BoardEnglish MediumSTD 12 Commerce / ArtsBook Keeping & AccountancyCompany Accounts – Issue of Shares1 Mark
Question
What is Under Subscription?
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Answer

When a company received applications for shares less than those actually offered or issued to the public, the issue is said to be undersubscribed.

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