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Accountancy · 2024 · 1 mark
CBSE 2024 · Region 1 · Set 3 · Q2
Money received in advance from shareholders before it is actually called up by the directors is :ORAn offer of securities or invitation to subscribe securities to a select group of persons is termed as :
OR
An offer of securities or invitation to subscribe securities to a select group of persons is termed as :Official answer
From CBSE’s own marking scheme for this paper.
(a) → (B)
(b) → (C)
Marking-scheme solution
Credited to calls in advance account
An offer of securities or invitation….
Ans (C) Private placement of shares
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CBSE Class 12 Accountancy past-paper question from the 2024board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.