Question
When a company issues shares with partial payment required on application and the remainder on allotment, the journal entry to record cash received on allotment
When a company issues shares with partial payment required on application and the remainder on allotment, the journal entry to record cash received on allotment of shares is:
|
| Dr Cash trust Cr Application |
|
| Dr Cash trust Cr Share capital |
|
| Dr Cash at bank Cr Call |
|
| Dr Cash at bank Cr Allotment |
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Auditing Oracle E Business Suite Common Issues
Authors: Jeffrey T. Hare
1st Edition
1329529766, 978-1329529762
