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प्रश्न
When a combined "Share Application and Allotment Account" is opened in the books of the company, which of the following accounts will be debited for money refunded on rejected application:
पर्याय
Share Application Account
Share Application and Allotment Account
Share Allotment Account
Bank Account
MCQ
उत्तर
Share Application and Allotment Account
Explanation:
The funds were credited upon receipt since a combined Share Application and Allotment Account was established. The same account will therefore be debited whether the money is returned or disallowed.
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