When Calls in Advance Account is adjusted...................is credited and....................is debited.
Answer & explanation
Correct answer: option 1
The correct answer is Option (1) → Respective call A/c, Calls in Advance A/c
Money received before a call is made is credited to Calls in Advance Account, a liability. When the call falls due, that money is used to pay it: Calls in Advance A/c is debited and the respective call account is credited, so the call is shown as paid to that extent.
NCERT (2026-27 edition):
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