Which of the Following Is the Correct Accounting Entry to Record

question 60

Multiple Choice

Which of the following is the correct accounting entry to record a share split?

• A) No entry is required
• B) DR Share capital; CR Reserve account
• C) DR Retained earnings; CR Share capital
• D) DR Allotment account; CR Share capital

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Definitions:

Quantity Demanded

Quantity demanded refers to the total amount of a product consumers are willing to purchase at a specific price level, holding all else constant.

Quantity Demanded

It refers to the total amount of a good or service that consumers are willing and able to purchase at a particular price over a given period of time.

Willing And Able

The condition of being both interested in making an economic transaction and capable of doing so.

Purchase

The act of buying goods or services.