Cash received from the subscribed shares is recorded by debting?

By: |Published on: Dec 5|Categories: Accounting JAMB| 0 comments

A. application, allotment and crediting cash
B. allotment and crediting cash
C. cash and crediting subscribed shares
D. cash, crediting application and allotment account

Correct Answer:

Option D – cash, crediting application and allotment account

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