If the credit side of Receipt and Payment A/c is more than the debit side then the difference will be shown as : Option 1: Bank Overdraft Option 2: Commission Option 3: Bank charges Option 4: Interest

The answer is 'Bank Overdraft'. View full solution:

CUET Accountancy - If the credit side of Receipt and Payment A/c is more than the debit side then the difference will be shown as : | PYQs + Solutions

CUET Accountancy 2023 11 June Shift 3

Financial Statements

Medium

Bank Overdraft

Commission

Bank charges

Interest

✅ Correct Option: 1

Related questions:

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Other income is Rs. 5,00,000 which is 25% of Revenue from operations. Employees benefit Expenses are 30% of the Revenue from operation. Tax rate is 40%. Net profit after tax will be :

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Choose the correct answer from the options given below:

CUET Accountancy 2023 11 June Shift 3 PYQs

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