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

Accounts - Principles of Accounts
JAMB 2003
The necessary accounts to be opened on the issue of ordinary share capital are?
  • 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
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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