Question

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

• A. Total Allotment money
• B. Default Amount
• C. Actual receipt
• D. None of these

Answer 1

The correct option is A

Total Allotment money

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