An allotment account,being a receivable account from the subscribers in a share issue,is presented under current assets in the statement of financial position.

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An allotment account represents the amount due from subscribers who have agreed to buy shares in a company, but it is not classified under current assets. Instead, it is typically classified under shareholders' equity as it represents amounts that are yet to be paid into the company by the subscribers for their share allotments.

An Allotment Account,being a Receivable Account from the Subscribers in a Share