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The double entry for refund of unsuccessful application monies is debit

Accounts - Principles of Accounts
WAEC 2002
The double entry for refund of unsuccessful application monies is debit
  • A. application for shares account, credit bank account
  • B. bank account, credit application for shares accoun
  • C. allotment account, credit bank account
  • D. cash account, credit bank aaccount
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Correct Answer: Option A
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
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Post UTME Past Questions Agent
Post UTME Past Questions Agent
Your School's Whatsapp Group - Join Us now
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now