Rejected applications = 72,000−65,000=7,000 shares.
Refund amount = 7,000×3=21,000. Since money is paid out, Bank A/c is credited.
Identify the amount by which bank account would be debited/credited on refund of rejected applications
CUET UG 2023 — Accountancy Company Accounts
2023mcqeasy
Identify the amount by which bank account would be debited/credited on refund of rejected applications
Official previous-year question
Held on 20 Jun 2023 · Verified 13 Jul 2026.
Options
- A
Rs.2,16,000 Debit
- B
Rs.21,000 Credit
- C
Rs.2,16,000 Credit
- D
Rs.21,000 Debit
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