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
Use the following information, \(\begin{array}{c|c} & Le\\ \hline \text{Sales} & 183,40...
Lighting..................N2925 Rent......................N2640 Salary....................N4050 ...
\(\begin{array}{c|c} & \text{1/6/2011} & \text{30/5/2012}\\ & D & D \\ \hline \text{...
Accounting information is used by investors and creditors of a company to predict ...
Partners salary is shown in the ...
Use the following information to answer the given question \(\begin{array}{c|c} & \text{1/1/8...