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The appropriate account to record any excess proceeds received and retained (not refunded) by a company from an oversubscription to a share offer application, is

The appropriate account to record any excess proceeds received and retained (not refunded) by a company from an oversubscription to a share offer application, is the:

Select one:

a. Share capital account;

b. Share issue costs account;

c. Forfeited Shares account;

d. Calls in advance account.

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