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Commerce · Q709

Accounting

Graduate and Post Graduate · Commerce · question 709

Q709

Interest on investments received Rs. 500 which includes Rs. 100 in respect of interest accrued in the preceding year. What amount will be posted in the Income and expenditure Account:

A.
Rs. 100
B.
Rs. 500
C.
Rs. 600
D.
Rs. 400
Answer

Answer: Option D

Solution

Answer: Option D
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