Which Account Represents Excess Proceeds Received and Retained by a Company

question 13

Multiple Choice

Which account represents excess proceeds received and retained by a company from an oversubscription to a share offer application?

• A) Calls in advance account.
• B) Share issue costs account.
• C) Forfeited shares account.
• D) Share capital account.

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Definitions:

Universal Standards

Principles or criteria that are globally accepted and applied across various industries, fields, or disciplines to ensure consistency, quality, and effectiveness.

Raw Material Inputs

Basic materials that are used in the manufacturing process to produce goods and finished products.

Corporate Social Responsibility

A business approach that contributes to sustainable development by delivering economic, social, and environmental benefits for all stakeholders.

Performance Measure

Criteria or benchmarks used to assess the effectiveness or success of an individual, team, or company's work or output.