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when shares issued are paid for, accounting entry required is


Question

when shares issued are paid for, accounting entry required is

Options

A)
debit bank or cash account and credit share capital and/or premium account
B)
credit bank or cash account and debit share capital and/or premium account
C)
debit shares account and credit capital account
D)
credit shares account and debit capital account

The correct answer is A.


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