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what type of acounts is share application account
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Answer Posted / aijaz
Share Application A/c is Personal A/c as the share is
capital for business received by the owner of business or
any other person. So the person investing in the business in
the form of share is giver. Rule of Personal A/c : "Debit
the receiver, credit the giver" is applicable.
| Is This Answer Correct ? | 49 Yes | 7 No |
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