When Accounting for Share Issues, the Ultimate Debit and Credit

question 31

Multiple Choice

When accounting for share issues, the ultimate debit and credit entries are which of the following?

• A) Dr Application; Cr Share capital
• B) Dr Bank; Cr Share capital
• C) Dr Bank; Cr Allotment
• D) Dr Share Capital; Cr Bank

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Definitions:

Lifestyle Changes

Modifications or adjustments made in daily habits and practices to improve health and well-being.

Bone Scans

Bone scans are nuclear imaging tests that detect bone damage or diseases, such as cancer, infections, or fractures, by injecting radioactive tracers into the bloodstream.

Diagnose

The process of identifying a disease or condition from its signs and symptoms through examination, testing, and analysis.

Bone Density

A measure of the amount of minerals (mainly calcium and phosphorus) contained within bone tissue, indicative of bone strength and health.