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When a share is sold for less than its nominal value, the difference is debited to

When a share is sold for less than its nominal value, the difference is debited to
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Share premium account
  • B Share discount account
  • C Profit and loss account
  • D Capital reserve account
  • E General reserve account
Correct Answer: Option B
Explanation:

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