120,000 recorded in the Cash Book upon issuing 100,000 ordinary shares of 1 each should be credited...
Question:
£120,000 recorded in the Cash Book upon issuing 100,000 ordinary shares of £1 each should be credited to which account or accounts?
(a) To a Suspense account
(b) To the Share capital account
(c) £100,000 to the Share capital account and £20,000 to the Share premium account
(d) To the Share premium account
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Related Book For
Financial Accounting An Introduction
ISBN: 9780273737650
2nd Edition
Authors: Mr Barry Elliott, Mr Augustine Benedict
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