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Friday, 05 July 2024

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If a promoter pays a lawyer N5,000 for services rendered in preparing a Memorandum of ...

If a promoter pays a lawyer N5,000 for services rendered in preparing a Memorandum of Incorporation, the journal entry is to debit?

A. preliminary expenses, credit cash accounts
B. promoter, credit creditors' accounts
C. lawyer's credit cash accounts
D. cash , credit incorporation accounts




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