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Under the instalment payment system, how is the Interest Suspense Account treated?a)It is credited with the total amount of interest at the time of signing the contract.b)It is debited with the total amount of interest at the time of signing the contract.c)It is credited with the actual amount of interest at each instalment.d)It is debited with the actual amount of interest at each instalment.Correct answer is option 'C'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about Under the instalment payment system, how is the Interest Suspense Account treated?a)It is credited with the total amount of interest at the time of signing the contract.b)It is debited with the total amount of interest at the time of signing the contract.c)It is credited with the actual amount of interest at each instalment.d)It is debited with the actual amount of interest at each instalment.Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Under the instalment payment system, how is the Interest Suspense Account treated?a)It is credited with the total amount of interest at the time of signing the contract.b)It is debited with the total amount of interest at the time of signing the contract.c)It is credited with the actual amount of interest at each instalment.d)It is debited with the actual amount of interest at each instalment.Correct answer is option 'C'. Can you explain this answer?.

Solutions for Under the instalment payment system, how is the Interest Suspense Account treated?a)It is credited with the total amount of interest at the time of signing the contract.b)It is debited with the total amount of interest at the time of signing the contract.c)It is credited with the actual amount of interest at each instalment.d)It is debited with the actual amount of interest at each instalment.Correct answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for B Com. Download more important topics, notes, lectures and mock test series for B Com Exam by signing up for free.

Here you can find the meaning of Under the instalment payment system, how is the Interest Suspense Account treated?a)It is credited with the total amount of interest at the time of signing the contract.b)It is debited with the total amount of interest at the time of signing the contract.c)It is credited with the actual amount of interest at each instalment.d)It is debited with the actual amount of interest at each instalment.Correct answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Under the instalment payment system, how is the Interest Suspense Account treated?a)It is credited with the total amount of interest at the time of signing the contract.b)It is debited with the total amount of interest at the time of signing the contract.c)It is credited with the actual amount of interest at each instalment.d)It is debited with the actual amount of interest at each instalment.Correct answer is option 'C'. Can you explain this answer?, a detailed solution for Under the instalment payment system, how is the Interest Suspense Account treated?a)It is credited with the total amount of interest at the time of signing the contract.b)It is debited with the total amount of interest at the time of signing the contract.c)It is credited with the actual amount of interest at each instalment.d)It is debited with the actual amount of interest at each instalment.Correct answer is option 'C'. Can you explain this answer? has been provided alongside types of Under the instalment payment system, how is the Interest Suspense Account treated?a)It is credited with the total amount of interest at the time of signing the contract.b)It is debited with the total amount of interest at the time of signing the contract.c)It is credited with the actual amount of interest at each instalment.d)It is debited with the actual amount of interest at each instalment.Correct answer is option 'C'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Under the instalment payment system, how is the Interest Suspense Account treated?a)It is credited with the total amount of interest at the time of signing the contract.b)It is debited with the total amount of interest at the time of signing the contract.c)It is credited with the actual amount of interest at each instalment.d)It is debited with the actual amount of interest at each instalment.Correct answer is option 'C'. Can you explain this answer? tests, examples and also practice B Com tests.