Cash received from the subscribed shares is recorded by debting?

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Accounts - Principles of Accounts JAMB 2008

Cash received from the subscribed shares is recorded by debting?

  • application, allotment and crediting cash
  • allotment and crediting cash
  • cash and crediting subscribed shares
  • cash, crediting application and allotment account checkmark

The correct answer is: D

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