If ordinary shares are issued for an amount greater than par value, the excess should be credited to

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When ordinary shares are issued for an amount greater than par value, the excess should be credited to a separate account called Share Premium-Ordinary. This account represents the amount received from shareholders in excess of the nominal value of the shares and can be used by the company for certain purposes, such as distribution of dividends, bonus issues, or writing off preliminary expenses. Therefore, Choice C is the best option.

If Ordinary Shares Are Issued for an Amount Greater Than