when shares issued are paid for, accounting entry required is
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
- A Debit bank or cash account and credit share capital and/or premium account
- B Credit bank or cash account and debit share capital and/or premium account
- C Debit shares account and credit capital account
- D Credit shares account and debit capital account
Correct Answer: Option A
Explanation:
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