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WAEC Financial Accounting 1996 Question 23

Question 23

Company Accounts

The person who has applied for shares in a company is called

  1. A.allottee
  2. B.subscriber
  3. C.promoter
  4. D.shareholder
  5. E.applicant.
Show the answer and explanation

Answer: E (applicant.)

Explanation

Someone who has applied but not yet been allotted shares is an applicant.