A person who has applied to purchase shares in a company ...
A person who has applied to purchase shares in a company is referred to as
A promoter
A subscriber
An allottee
An underwriter
Correct answer is B
Companies issue their shares for subc=scription either publicly or by private placement. People who apply to subscribe (buy) the shares are subscribers.
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Use the following information to answer the given question \(\begin{array}{c|c} & N & &...
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Use the following information to answer the given question RECEIPTS AND PAYMENTS ACCOUNT: ...