When a share is sold for less than its nominal value, the difference is debited to?

by Sunday | Aug 16 | Accounting WAEC | 0 comments

A. share premium account
B. share discount account
C. profit and loss account
D. capital reserve account
E. general reserve account

Correct Answer:

Option B – share discount account

Users Also Read These:

Recent Posts

Products

Health Team Original price was: ₦1,000.00.Current price is: ₦300.00.
Factors Affecting Health in Nigeria Original price was: ₦1,000.00.Current price is: ₦300.00.
Primary Health Care Principles Original price was: ₦1,000.00.Current price is: ₦300.00.
Nigeria Healthcare Tiers Original price was: ₦1,000.00.Current price is: ₦300.00.
Primary Health Care - Health According To WHO - Referral System Original price was: ₦1,000.00.Current price is: ₦300.00.

Product categories

Earn Your Degree In 3 Years Without Writing UTME. Click Here To Learn More.