When the directors opt to make a proportionate allotment to all applicants, the excess application money received is normally adjusted towards the…
CUET UG 2025 — Accountancy Company Accounts
When the directors opt to make a proportionate 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 excess amount may either be:
Held on 3 Jun 2025 · Verified 13 Jul 2026.
Options
- A
Adjusted towards the amount due on the allotment of shares allotted
- B
Refunded or credited to calls in advance.
- C
Refunded money in full
- D
Refunded or credited to Calls in Arrears
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