Share allotment account is a ........

Accountancy (Phase -I & II) Company Final Accounts

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Share allotment account is a ------------------.

personal account

Real account

Nominal account

Impersonal account

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Explanation:

Personal Accounts. These accounts are related to individuals, firms, companies, etc. A few examples of personal accounts include debtors, creditors, banks, outstanding/prepaid accounts, accounts of credit customers, accounts of goods suppliers, capital, drawings, etc.