Multiple Choice Questions on First call amount received in advance from the shareholders before it is actually called up by ........... for Commerce 12th Preparation

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Multiple Choice Questions

First call amount received in advance from the shareholders before it is actually called up by ...........

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    First call amount received in advance from the shareholders before it is actually called up by the directors is:

    debited to Calls-in-Advance Account

    Incorrect Answer

    credited t.o Share Allotment Account

    Incorrect Answer

    debited to First Call Account

    Incorrect Answer

    credited to Calls-in-Advance Account

    Correct Answer
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    Explanation:

    credited to Calls-in-Advance Account

    By: santosh
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