Accounting · Double Account System
How are long-term loans and debentures treated and presented under the Double Account System used by public utility undertakings?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1As current liabilities in the General Balance Sheet
- 2As capital receipts shown in the Capital Account✓
- 3As appropriations in the Net Revenue Account
- 4As long-term provisions in the Revenue Account
Correct answer
As capital receipts shown in the Capital Account
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Accounting?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Double Account System MCQs →Want more practice questions on Double Account System?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Accounting · Double Account System