when shares issued are paid for, accounting entry required is
BIOLOGY
JAMB 1994
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 accoun
Correct Answer: A. debit bank or cash account and credit share capital and/or premium account
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