#800,000 worth of ordinary shares of 50k were issued at #...
#800,000 worth of ordinary shares of 50k were issued at #1 each, payable in full on application. The entry in the cash book would be to
Credit #1,600,000
Debit #1,600,000
Credit #1,600,000
Debit #800,000
Correct answer is D
No explanation has been provided for this answer.
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\(\begin{array}{c|c} & Ade(N) & Bola(N) \\ \hline Capital & 40,000 & 30,000 \\ \hlin...