Question

When shares are issued to promoters for the services offered by them, the A/c that will be debited with the nominal value of shares is_________ (a) Preliminary expenses (b) Good will (c) Asset A/c (d) Share capital

Answer 1

When shares are issued to promoters for the services offered by them, the A/c that will be debited with the nominal value of shares is Preliminary Expenses.

Answer 2

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Ans

Option.B

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