Multiple Choice
Which account represents excess proceeds received and retained by a company from an oversubscription to a share offer application?
A) Calls in advance account.
B) Share issue costs account.
C) Forfeited shares account.
D) Share capital account.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q8: The appropriate journal entry to recognise the
Q9: A company's capital consists of 100
Q10: How does a bonus issue of shares
Q11: The following items appear in the statement
Q12: Regulations for share buy-backs are primarily designed
Q14: Gains and losses on available-for-sale financial assets
Q15: A company's capital consists of 100 000
Q16: Contact Ltd was registered as a corporation
Q17: Which of the following is responsible for
Q18: Which of the following is not a