Question
On January 1, 2018 company issued 700,000 equity shares of $10 par value for $90,00,000 . Which of the following is correct for its treatment
On January 1, 2018 company issued 700,000 equity shares of $10 par value for $90,00,000 . Which of the following is correct for its treatment in general journal? (Partial)
A) Debit equity shares with $70,00,000
b)Credit equity shares with $70,00,000
c)Credit equity shares with $90,00,000
d)None of the above
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Introductory Financial Accounting for Business
Authors: Thomas Edmonds, Christopher Edmonds
1st edition
1260299449, 978-1260299441
