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If shares are issued for less than par value, the account is credited. a. Share Premium-Ordinary b. Share Premium-Ordinary is debited if a debit

 

If shares are issued for less than par value, the account is credited. a. Share Premium-Ordinary b. Share Premium-Ordinary is debited if a debit balance exists in the account. c. Share Premium-Ordinary is debited if a credit balance exists in the account. d. Retained Earnings is credited.

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ANSWER A Share premium ordinary is credited A share premium account is credited for money paid or pr... blur-text-image

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