Examkits is a JAMB CBT practice platform that provides over 20 years of past questions, Post UTME questions, and detailed video solutions to help students prepare for their exams.

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You can practice JAMB past questions online, on Android, or on a desktop using the Examkits app. Just register on our website and choose your preferred device.

Does Examkits work offline?

Yes. Our Android and Windows versions support offline usage. Once downloaded and activated, no internet is required to use most of the features.

Do you offer video solutions for JAMB questions?

Yes, Examkits provides detailed video explanations for all JAMB past questions from 2000 to 2024, helping students understand how to solve each problem.

Examkits offers free practice for some subjects. However, full access requires a one-time affordable activation fee for each version of the app.

ACCOUNTING

JAMB 2012 - Question 43

Account 2012 JAMB Past Questions - Question 43: When shares are oversubscribed and money returned to unsuccessful applicants, the entry to record such money is to debit

Choose the most appropriate option for the gap .

When shares are oversubscribed and money returned to unsuccessful applicants, the entry to record such money is to debit

A: application and allotment account and credit unsubscribed shares

B: application and allotment account and credit cash

C: oversubscribed shares and credit cash

D: oversubscribed shares and credit allotment account.

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ACCOUNTING

Account 2012 JAMB Past Questions - Question 43: When shares are oversubscribed and money returned to unsuccessful applicants, the entry to record such money is to debit

Examkit's JAMB CBT App

Correct Answer

Explanation