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.
A company paid cash in redemption of N10,000 debenture. The accounting entry to record this w...
Buhari and Osinbajo are in partnership with the following partnership agreement Buhar...
A stock as a form of capital of a company comprises ...
On the 30/5/93 Tolu & Co. paid 2 years rent of N50,000 which was debited to the rent account.&nb...
The directors of Olu Ltd. recommended a dividend of 10% on 1,000,000 ordinary share capital of ...