Accounting · Issue of Shares
When a call is made by a company and the amount for the same is received, two journal entries are passed: one for the call amount due and another for the receipt of the call amount. Which of the following accounts is debited in the journal entry for the call amount due?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Call In Advance A/c
- 2Bank A/c
- 3Share Capital A/c
- 4Share Call A/c✓
Correct answer
Share Call A/c
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 Issue of Shares MCQs →Want more practice questions on Issue of Shares?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Accounting · Issue of Shares