Accountıng Iı Deneme Sınavı Sorusu #1112805

While issuing common shares below par value, which account should be debited?


Discount on Capital Share

Paid-in Capital from Treasury Share

Paid-in Capital Excess of Par 

Treasury share

Cash


Yanıt Açıklaması:

In very rare cases, shares might be issued below par value. If this seldom transaction occurs, another separate account entitled “Discount on Capital Share” should be debited. The correct answer is A.

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