How Would the Issue of Ordinary Shares for Cash Be

question 29

Multiple Choice

How would the issue of ordinary shares for cash be entered on a worksheet?

• A)Debit Retained earnings and credit Share capital.
• B)Debit Share capital and credit Proceeds from issue of ordinary shares.
• C)Debit Share capital and credit Retained earnings.
• D)Debit Proceeds from issue of ordinary shares and credit Share capital.

---

Definitions:

Holland Scale

A theoretical framework used in career counseling to match individuals' preferences, interests, and personality types with compatible career paths.

Oregon

A state in the Pacific Northwest region on the West Coast of the United States.

Vocational Interest Scales

Assessment tools designed to evaluate an individual's preferences and interests in various vocational areas to guide career choice.

Adventure Career Path

A career trajectory that involves pursuits or jobs that are unconventional, exciting, and entail a certain degree of risk or unpredictability.