when shares issued are paid for, accounting entry required is

Accounts - Principles of Accounts JAMB 1994

when shares issued are paid for, accounting entry required is

  • debit bank or cash account and credit share capital and/or premium account checkmark
  • credit bank or cash account and debit share capital and/or premium account
  • debit shares account and credit capital account
  • credit shares account and debit capital account

The correct answer is: A

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