When shares are oversubscribed and money returned to unsuccessful applicants, the entry to record such money is to debit

Question 1 Report

When shares are oversubscribed and money returned to unsuccessful applicants, the entry to record such money is to debit

application and allotment account and credit unsubscribed shares

application and allotment account and credit cash

oversubscribed shares and credit allotment account

oversubscribed shares and credit allotment account

Partnership Accounts

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