The necessary accounts to be opened on the issue of ordinary share capital are?

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Accounts - Principles of Accounts JAMB 2003

The necessary accounts to be opened on the issue of ordinary share capital are?

  • preference share capital, cash and allotment accounts
  • bank and ordinary share capital accounts checkmark
  • cash and ordinary share capital accounts
  • nominal value and ordinary share capital accounts

The correct answer is: B

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