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.
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.
