The necessary accounts to be opened on the issue of ordinary share capital are?

Accounts - Principles of Accounts

JAMB 2003

A. preference share capital, cash and allotment accounts
B. bank and ordinary share capital accounts
C. cash and ordinary share capital accounts
D. nominal value and ordinary share capital accounts

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Correct Answer: Option B

Explanation

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The necessary accounts to be opened on the issue of ordinary share capital are?

Correct Answer: Option B

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