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Question
Share Allotment Account is a/an ______.
Options
Personal Account
Real Account
Nominal Account
None of these
MCQ
Fill in the Blanks
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Solution
Share Allotment Account is a/an Personal Account.
Explanation:
All of these accounts, whether they are called Share Application, Share Allotment, or Share Capital A/c, are personal accounts because they represent money from shareholders.
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