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easyMCQCUET Accountancy 2025 29 May Shift 22026Accountancy
1 mark

When Calls in Advance Account is adjusted _______ is credited and _______ is debited.

  1. A
    Respective call A/c, Calls in Advance A/c
  2. B
    Share Capital A/c, Respective Call A/c
  3. C
    Calls in Advance A/c, Bank A/c
  4. D
    Calls in Advance A/c, Respective Call A/c

Solution & Step-by-step Explanation

When the actual call becomes due and is to be adjusted against the amount already received as advance, the entry passed is:


Thus, Calls in Advance Account is debited and the Respective Call Account is credited.

Practice this question

Try it yourself before checking the explanation above.

When Calls in Advance Account is adjusted _______ is credited and _______ is debited.
A
Respective call A/c, Calls in Advance A/c
B
Share Capital A/c, Respective Call A/c
C
Calls in Advance A/c, Bank A/c
D
Calls in Advance A/c, Respective Call A/c

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