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Commerce · Q133

Legal Aspects of Business

Graduate and Post Graduate · Commerce · question 133

Q133

The advance money received from the shareholders before the calls are made is

A.
Residual call amount is debited to the account
B.
Debited to call in advance account
C.
Residual call amount is credited to the account
D.
Credited to call in advance account
Answer

Answer: Option D

Solution

Answer: Option D
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