Practice

Questions

Pick a topic and practice with clear explanations.

CUET

Q5. If a creditor accepts an asset whose value is more than the amount due to him. A. He will pay excess amount B. He will not pay anything C. The excess amount will be credited to Realisation Account D. The excess amount is debited to Realisation account E. The excess amount is debited to Bank account Choose the correct answer from the options given below