when shares issued are paid for, accounting entry required is

Home » Past Questions » Accounts-principles-of-accounts » Jamb » 1994 » 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

Explanation

No official explanation is available for this question at this time. Please check contributions posted by others below. If you can provide an explanation to help other student learn.
Previous Question Next Question

Leave A Comment