Question
When the shares are issued for consideration other than
cash which account will be debitedSolution
When shares are issued for consideration other than cash, the company typically issues these shares in exchange for assets, services, or settling a liability. In such cases, the account representing the party from whom the assets or services are received, or the liability is settled, is debited. This is usually the Vendor Account, as it records the entity providing the assets or services.
A group of 8 bits is known as:
Which amendment to the Indian Constitution made education a fundamental right for children aged six to fourteen?
Illegal copying and distribution of software isÂ
Damodar Mauzo has received the prestigious Jnanpith Award, the country's highest literary honor.He belongs to which state?
Which of the following company is called Big Blue ?
What are the main functions of a Control Unit in a CPU? Â
Which key is used to delete characters to the left of the cursor?
Recently RBI lifted the ban on which of the following cards and allowed to onboard new customers for debit, credit, or prepaid cards?
Hardware devices added to enhance a computer system’s functionality are termed as:
Expansion cards are inserted into
