Pro-Rata Allotment Accounting
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Pro-rata allotment accounting tells you the system of use surplus of over-subscription money for adjusting the allotment money and other calls. Suppose, we have issued 1000 shares but we have received 2000 applications from same person. It means, we can give 1/2 each share application. We have the excess of 1/2 application money which we can adjust with allotment and calls.
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Prof. Vinod Kumar has received the post graduate degree in Commerce from ...
thank a lot sir …..:)
Dear sir i have always problem in solving pro rata allotment Please give trick to solve pro rata allotment accounts