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AS
Question Practice

How is the interest on 'Calls in Advance' accounted for?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 12
Accountancy
Accountancy Part - II
Accounting for Share Capital
Question Bank

How is the interest on 'Calls ...

Single Answer MCQ
Q-00082469

How is the interest on 'Calls in Advance' accounted for?

1

Credited to Bank A/c

2

Debited to Bank A/c

3

Debited to Calls in Advance A/c

4

Credited to Calls in Advance A/c

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