JAMB Accounting 2009 Objective — Question 44

Question 44 of 50 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2009 Objective paper, with the correct answer and a full explanation.

44. Using the same data, the second and final call account would be debited with

A. ordinary share capital account #187,500
B. 12% preference share capital #375,000
C. bank account #187,500
D. 12% preference share capital account #187,500Correct

Explanation

The second and final call account is debited with the 12% preference share capital account for #187,500 due on that call.

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