In case of default in the payment of allotment money by the shareholder, the share allotment account is credited with amount.

total allotment

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

default

No worries! We‘ve got your back. Try BYJU‘S free classes today!

actual

No worries! We‘ve got your back. Try BYJU‘S free classes today!

excess

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is A total allotment
In case of default by the shareholder, the share allotment account is credited with the total allotment amount including actual receipt and default amount.

Suggest Corrections

Similar questions

In case of default in the payment of allotment money, the bank account is debited with which amount?

When shareholders make default in the payment of allotment money or call money due from them, it is termed as__________

When defaulter shareholders pay their default amount of allotment money, then the journal entry is-

Join BYJU'S Learning Program