When shares are issued at a discount; entries are to debit?

A. application allotment account and credit discount account
B. discount account and credit
C. cash account and credit discount account
D. discount account and credit bank account

Correct Answer:

Option A – application allotment account and credit discount account

Sunday

Next When there is no basis of apportionment in an organization; the expenses should be apportioned based on? »

Previous « The purchase consideration that is lower than the net asset implies that; the buyer has gained the advantage of?

Published by

Sunday

Tags: Accounting

5 years ago

ETM 312 Theory Questions: Land Law and the Consequences of Unauthorized Land Transfers in Nigeria

300 Level Estate Management and Valuation Department exam questions and detailed answers. Download the answers…

5 months ago

Theory Question