The correct answer is: A. Lapsation method
The lapsation method is an alternative to the bonus method of distribution of surplus. Under the lapsation method, any surplus that is not distributed to members in a given year is carried forward to the next year. This method is often used by mutual societies and friendly societies.
The contribution method is a method of calculating the amount of surplus that is distributed to members. Under the contribution method, each member’s share of the surplus is calculated based on the amount of contributions they have made.
The accumulation method is a method of investing the surplus. Under the accumulation method, the surplus is invested in a variety of assets, such as stocks, bonds, and property. The income from these investments is then used to pay out dividends to members.
None of the above is not the correct answer.