The Appropriate Account to Record Any Excess Application Money Received

question 46

Multiple Choice

The appropriate account to record any excess application money received and retained by a company to reduce allotment money due and in payment of future calls, is the:

• A) calls in arrears account.
• B) forfeited shares account.
• C) share capital account.
• D) calls in advance account.

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Definitions:

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Difficulties or obstacles that require effort, skill, or innovation to overcome, often presenting opportunities for growth or development.

Respect

An attitude of admiration or esteem towards others, acknowledging their abilities, qualities, or achievements.

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The practice of handling, processing, storing, and distributing personal information in a way that respects individual privacy rights.

Global Companies

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