Question 0

when shares issued are paid for, accounting entry required is

  • A.debit bank or cash account and credit share capital and/or premium account
  • B.credit bank or cash account and debit share capital and/or premium account
  • C.debit shares account and credit capital account
  • D.credit shares account and debit capital account
  • E.
Objective

Question details

Exam body
JAMB
Subject
Accounts - Principles of Accounts
Year
1994
Question no.
#0
Type
Objective

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