Pro-rata allotment of shares is made when there is:

CS Executive · Corporate and Management Accounting · PYQS · December 2021
Pro-rata allotment of shares is made when there is:
(A) Under subscription
(B) Over subscription
(C) Equal subscription
(D) As and when desired by directors

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Company Accounts

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