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When shares are issued fully payable on application, the journal entries to record the issue (assuming the minimum subscription is reached) are Select one: O
When shares are issued fully payable on application, the journal entries to record the issue (assuming the minimum subscription is reached) are
Select one:
O a. Cashtrust D-x
Application Cr X
Allotment Dr X
Share capital CrX
O b. Cash trust D-x
Application C-X
Cash Dr
Cash trust CrX
0 c.
Cash DrX
Call CrX
Call Dr X
Share capital Cr X
O d. Cashtrust Dr X
Application Cr X
Application Dr X
Share capital Cr X
Cash Dr X
Cash trust CrX
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Cadmus Operational Auditing W R Institute Of Internal Auditors Professional Books Series
Authors: David S. Kowalczyk
1st Edition
047182660X, 978-0471826606
