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  • CA CPT Test Series 1
  • In case of Pro-rata allotment, which account (other than ...
Multiple choice

In case of Pro-rata allotment, which account (other than Bank A/c) need to be debited while making receipt of allotment?

  1. Share capital A/c

  2. Share allotment A/c

  3. Share call A/c

  4. Share application A/c

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Share application A/c is debited because excess application adjusted with allotment.

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