When shares are oversubscribed and money returned to unsu...
When shares are oversubscribed and money returned to unsuccessful applicants, the entry to record such money is to debit
Application and allotment account and credit unsubscribed shares
Application and allotment account and credit cash
Oversubscribed shares and credit allotment account
Oversubscribed shares and credit allotment account
Correct answer is B
You will debit application and allotment account and credit cash because monies that have been collected from the public wil have to be returned
Us the following information to answer the question given. \(\begin{array}{c|c} \text{Cost of m...
The document used in government accounting to shoe evidence of cash receipt and payments is the ...
Receipt and payments: 31st December 2016 Cash at bank------460 Ne...
Use the information to answer the given question \(\begin{array}{c|c} Dr & & & & &a...
The market value of goods produced is? ...
Abba offers 5% cash discount on goods worth N10,000, The discount allowed account is to be? ...