when shares issued are paid for, accounting entry required is

  • A debit bank or cash account and credit share capital and/or premium account
  • B credit bank or cash account and debit share capital and/or premium account
  • C debit shares account and credit capital account
  • D credit shares account and debit capital account

The correct answer is A. debit bank or cash account and credit share capital and/or premium account

No explanation given
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