Please answer with reason for all why the option is correct and why the other options are incorrect.. Accounting type Question: Money received at the time share application when adjusted at the time of allotment is credited to which account? A. Share capital account B. Share allotment account C. Share application account D. Calls in advance account
Please answer with reason for all why the option is correct and why the other options are incorrect.. Accounting type Question: Money received at the time share application when adjusted at the time of allotment is credited to which account? A. Share capital account B. Share allotment account C. Share application account D. Calls in advance account
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:Please answer with reason for all why the option is correct and why the other options are incorrect.. Accounting type
Question: Money received at the time share application when adjusted at the time of allotment is credited to which
account? A. Share capital account B. Share allotment account C. Share application account D. Calls in advance account
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