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Why are the general journal entries for subscriber shares generally 1 Subscribers debit Share capital credit 2 Bank debit Subscribers credit Why do subscribers have a debit nature?
Proudclaude
First entry is:
[Debit] bank
[Credit] Share application
2nd entry:
[Debit] Share application
[Credit] subscriber
3rd entry
[Debit] subscriber
[Credit] Share capital
Subscriber is debit to write off the subscriber account.
Wiki User
∙ 9y ago
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