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WAEC Financial Accounting 2018 Question 43

Question 43

Company Accounts

The process of distributing shares to successful applicants is

  1. A.allocation.
  2. B.apportionment.
  3. C.allotment.
  4. D.application.
Show the answer and explanation

Answer: C (allotment.)

Explanation

Shares are allotted to successful applicants.