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:
A) Share issue costs account
B) Forfeited Shares account
C) Share capital account
D) Calls in advance account.
Correct Answer:
Verified
Q6: In respect to the issue of shares
Q7: The appropriate journal entry to record the
Q8: The entry to record the reissue of
Q9: If the balance in a forfeited shares
Q10: When shares are issued fully payable on
Q12: Following the allotment the balance in the
Q13: Which of the following journal entries demonstrates
Q14: On 1 July 2012,a company redeemed its
Q15: The bonus issue of shares has the
Q16: Following the allotment,the amount transferred from the
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