The Appropriate Account to Record Any Excess Proceeds Received and Retained

question 10

Multiple Choice

The appropriate account to record any excess proceeds received and retained (not refunded) by a company from an oversubscription to a share offer application,is the:

• A)Share issue costs account
• B)Forfeited Shares account
• C)Share capital account
• D)Calls in advance account.

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Definitions:

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Individuals or groups primarily concerned with protecting the natural environment from degradation.

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