CUET Accountancy - When Calls in Advance Account is adjusted _______ is credited and _______ is debited. | PYQs + Solutions

CUET Accountancy 2025 29 May Shift 2

Company Accounts

Easy

common

Respective call A/c, Calls in Advance A/c

Share Capital A/c, Respective Call A/c

Calls in Advance A/c, Bank A/c

Calls in Advance A/c, Respective Call A/c

✅ Correct Option: 1

Related questions:

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The balance of the share forfeiture account is shown in the balance sheet under:

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There must be an interval of how many months between the making of two calls unless otherwise provided by the articles of association of the company.

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Securities Premium Account can be used only for the following purposes:

(A) To issue partly paid bonus shares to the extent not exceeding unissued share capital of the company;

(B). Buy back of own shares.

(C). To write-off the expenses of, or commission paid, or discount allowed on any securities of the company;

(D). To pay premium on the redemption of preference shares or debentures of the company.

Choose the correct answer from the options given below:

CUET Accountancy 2025 29 May Shift 2 PYQs