Multiple choice

On account of debiting accrued interest on investments, which account shall be credited on due date?

  1. Suspense a/c

  2. Interest on investment a/c

  3. Outstanding interest a/c

  4. Profit and loss a/c

  5. Both 2 and 3
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

On account of debiting accrued interest on investments, the interest on investment account shall be credited. The correct option is (2).

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