17.

When ordinary shares is sold on subscription

A.

a shareholders' equity account called Subscription Receivable is used to record the par

value of the shares issued

B.

the Ordinary shares account is credited when the subscription price has been fully paid

and the share is issued

C.

the Ordinary shares account is credited when the subscription contract is signed and a

down payment is received

D.

the Ordinary shares account is not used. Shares issued on subscription are credited to

Subscribed Ordinary Shares, a permanent shareholders' equity account