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Question 0

#800,000 worth of ordinary shares of 50k were issued at #1 each, payable in full on application. The entry in the cash book would be to

  • A.credit #1,600,000
  • B.debit #1,600,000
  • C.credit #1,600,000
  • D.debit #800,000
  • E.
Objective

Question details

Exam body
JAMB
Subject
Accounts - Principles of Accounts
Year
2014
Question no.
#0
Type
Objective
Previous · Q0The details of the share capital which a company is authorized to issue is… Next · Q0 Oil and Buns issued to the public 1,300,000 ordinary shares of 75k at a price of…

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