What type of account is share application amount ?? (ie personal, real or nominal)

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Dear student,

Share Application or share allotment or Share capital A/c all are personal accounts as they represent money from the shareholders and when money is due, these are to be debited because of the rule "Debit the receiver".

Regards!!

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What type of account is share application amount ?? (ie personal, real or nominal)

Dear student, Share Application or share allotment or Share capital A/c all are personal accounts as they represent money from the shareholders and when money is due, these are to be debited because of the rule "Debit the receiver". Regards!!

Dear student,

Share Application or share allotment or Share capital A/c all are personal accounts as they represent money from the shareholders and when money is due, these are to be debited because of the rule "Debit the receiver".

Regards!!