Q.28. Minimum subscription is the minimum amount that, in the opinion of directors, must be raised t

Q: What is the correct answer for CUET UG Accountancy Q28?

The correct answer is C. Minimum Subscription is the minimum amount that must be raised from the issue of shares to meet the essential financial requirements of a company before it can commence business. It includes funds required for: (A) Purchase of property or assets, (B) Payment of preliminary expenses and commission, (C) Working capital needs, and (D) Other necessary business expenditures.

Q: Q.28. Minimum subscription is the minimum amount that, in the opinion of directors, must be raised to meet the needs of business operations of the company relating to: (A) The price of any property…

The correct answer is C. Minimum Subscription is the minimum amount that must be raised from the issue of shares to meet the essential financial requirements of a company before it can commence business. It includes funds required for: (A) Purchase of property or assets, (B) Payment of preliminary expenses and commission, (C) Working capital needs, and (D) Other necessary business expenditures.

Q: What are the options for this CUET UG Accountancy question?

A. (A), (B) and (D) only · B. (A), (B) and (C) only · C. (A), (B), (C) and (D) · D. (B), (C) and (D) only

Question

Q.28. Minimum subscription is the minimum amount that, in the opinion of directors, must be raised to meet the needs of business operations of the company relating to: (A) The price of any property purchased, or to be purchased, which has to be met wholly or partly out of the proceeds of issue; (B) Preliminary expenses payable by the company and any commission payable in connection with the issue of shares; (C) Working capital; (D) Any other expenditure required for the usual conduct of business operations Choose the correct answer from the options given below:

FirstInTest · Accepted Answer

Minimum Subscription is the minimum amount that must be raised from the issue of shares to meet the essential financial requirements of a company before it can commence business. It includes funds required for: (A) Purchase of property or assets, (B) Payment of preliminary expenses and commission, (C) Working capital needs, and (D) Other necessary business expenditures.

Answer

(A), (B) and (D) only

Answer

(A), (B) and (C) only

Answer

(A), (B), (C) and (D)

Answer

(B), (C) and (D) only

Related Questionsin Accountancy

More from CUET UG

Browse CUET Questions by Subject

Practice More CUET UG Questions