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.
CUET UG 2023 — Accountancy Company Accounts
Identify the amount by which bank account would be debited/credited on refund of rejected applications
Held on 20 Jun 2023 · Verified 13 Jul 2026.
Rs.2,16,000 Debit
Rs.21,000 Credit
Rs.2,16,000 Credit
Rs.21,000 Debit
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