Question

A company initiated the process of raising money by issue of equity shares. It received the share application money, but the allotment is pending. The money received will be recorded as _____ for the company.

A Capital
B Asset
C Liability
D Income
E Expense
Practice Next

Hey! Ask a query

🎓
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
  • 200 Questions with Detailed Solutions
  • Section-wise Coverage (GA, English, Quant & Reasoning)