Question on: WAEC Accounting - 2015
A person who has applied to purchase shares in a company is referred to as ?
A
A promoter
B
A subscriber
C
An allottee
D
An underwriter
Ask EduPadi AI for a detailed answer
Correct Option: B
companies issue their shares for subc=scription either publicly or by private placement. People who apply to subscribe (buy) the shares are subscribers.
Add your answer
Please share this, thanks!
No responses