Cash received from the subscribed shares is recorded by debting?
A application, allotment and crediting cash
B allotment and crediting cash
C cash and crediting subscribed shares
D cash, crediting application and allotment account
Answer is D
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Cash received from the subscribed shares is recorded by debting?
A application, allotment and crediting cash
B allotment and crediting cash
C cash and crediting subscribed shares
D cash, crediting application and allotment account
Answer is D