The double entry for refund of unsuccessful application m...
The double entry for refund of unsuccessful application monies is debit
Application for shares account, credit bank account
Bank account, credit application for shares account
Allotment account, credit bank account
Cash account, credit bank account
Correct answer is A
No explanation has been provided for this answer.
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Use the following information to answer the given questions \(\begin{array}{c|c} & N \\ \hl...
July 30 Closing stock 100 units at N90 July 8 Purchased 200 units at N95 July 10 Sold 160 units J...