Amount received as calls-in-advance is a ............ of the company.

CS Executive · Corporate and Management Accounting · PYQS · June 2021
Amount received as calls-in-advance is a ............ of the company.
(A) right
(B) asset
(C) debt
(D) revenue

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Corporate Accounting

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