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Commerce · Q1953

Accounting

Graduate and Post Graduate · Commerce · question 1953

Q1953

Calls paid in advance is shown separately on the following:

A.
liabilities side of B/s
Answer
B.
asset side of B/s
C.
debit side of P.L. a/c
D.
credit side of P.L. a/c

Answer: Option A

Solution

Answer: Option A
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