Question on: JAMB Accounting - 2014
#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
A
credit #1,600,000
B
debit #1,600,000
C
credit #1,600,000
D
debit #800,000
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Correct Option: D
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