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12th Class Accountancy Accounting For Share Capital Question Bank MCQs - Accounting for Share Capital

  • question_answer
    First call amount received in advance from the shareholders before it is actually called-up by the director is     (CBSE 2020)

    A) debited to calls-in-advance account

    B) credited to share allotment account

    C) debited to first call account

    D) credited to calls-in-advance account

    Correct Answer: D

    Solution :

    [d] credited to calls-in-advance account


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