PLEASE ANSWER ALL QUESTIONS... THANK YOU!!!

QUESTION 5 When accounting for share issues, the ultimate debit and credit entries are to which accounts? Ob. . Od. DR Application; CR Share capital DR Bank; CR Allotment DR Share Capital; CR Bank DR Bank; CR Share capital QUESTION 6 Which of the following is not an advantage of companies over sole traders or partnerships? O a. Continuity of existence b. Limited liability OC. Less government regulation O d. Simpler transferability of ownership QUESTION 7 The information required to be lodged with ASIC when applying to form a company is not required to include: O a. The name and address of each person who consents to become a director. b. The address of the company's proposed registered office. Oc. The name and address of each person who consents to become a member. O d. The date it is proposed to wind up the company