Identify the sequence of journal entries with regard to the transfer of share application money and allotment of shares:(A) Share Allotment A/c Dr. To Share Capital A/c(B) Share Application A/c Dr. To Share Capital A/c(C) Bank A/c Dr. To Share Allotment A/c(D) Share Application A/c Dr. To Bank A/cChoose the correct answer from the options given below:

Let's look at the logical lifecycle order of public subscription accounting steps:First, application monies are sorted out. The accepted applications are capitalized via entry (B): Share Application A/c Dr. To Share Capital A/c.Any rejected excess application funds are refunded using entry (D): Share Application A/c Dr. To Bank A/c.Next, the allotment installment is formalised and called up using entry (A): Share Allotment A/c Dr. To Share Capital A/c.Finally, shareholders pay their allotment dues, recorded via entry (C): Bank A/c Dr. To Share Allotment A/c.The proper matching order is (B), (D), (A), (C).