The double entries for refund of unsuccessful application...
The double entries for refund of unsuccessful application monies are, debit
Application for shares account, credit bank account
Bank account, credit application for shares account
Allotment 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.
\(\begin{array}{c|c} \text{Branch stock account (at selling price)} & D346,000 - debit \\ \text{...
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Using LIFO method of stock valuation, analyze the issue quantities and their prices ...
In the head office ledger, the value of goods sent to the branch are ...