1 Pro-rata Allotment questions from CUET Accountancy 2025 3 June Shift 2 with detailed answers and explanations. Free previous year questions and MCQs.
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Pro-rata Allotment โ CUET Accountancy 2025 3 June Shift 2(1โ1 of 1)
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Q1mediummcqAccountancyCUET Accountancy 2025 3 June Shift 22026
When the directors opt to make a proportionate (pro-rata) allotment to all applicants, the excess application money received is normally adjusted towards the amount due on allotment. In case the excess application money received is more than the amount due on allotment of shares, such surplus amount may either be: