Fraser Plc issued 10 million shares at a price of €3 on 1 July 2012.The subscribers are required to pay €1 on application,€1 on allotment and the balance on call to be announced at a later date.The share issue was oversubscribed by 2 million shares.On 1 August 2012 the shares were allotted to all subscribers on a pro rata basis.What is the balance of the 'allotment account' and 'share capital' for this share issue on 1 August 2012,respectively?
A) €8 million; €20 million
B) €8 million; €30 million
C) €10 million; €20 million
D) €10 million; €30 million
Correct Answer:
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