The necessary accounts to be opened on the issue of ordinary share capital are?

By: |Published on: Dec 8|Categories: Accounting JAMB| 0 comments

A. preference share capital, cash and allotment accounts
B. bank and ordinary share capital accounts
C. cash and ordinary share capital accounts
D. nominal value and ordinary share capital accounts

Correct Answer:

Option B – bank and ordinary share capital accounts

Users Also Read These:

SEE ALSO  The amount paid by the new partner on admission as a compensation for the reputation built up by old partners is a?

Copyright warnings! Do not copy.