The double entries for refund of unsuccessful application monies are, debit

Accounts - Principles of Accounts WAEC 1998

The double entries for refund of unsuccessful application monies are, debit

  • application for shares account, credit bank account checkmark
  • bank account, credit application for shares account
  • allotment account, credit application for shares account
  • allotment account, credit bank account
  • cash account, credit bank account

The correct answer is: A

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