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Short Answer Question What is Meant by Calls-in-advance? - Accountancy

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प्रश्न

Short Answer Question

What is meant by Calls-in-Advance?

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उत्तर

Calls-in-Advance refers to a situation when a shareholder pays the whole amount or a part of the amount of shares before it become due, i.e. before the company calls for it. 
So, the amount of money that is being paid in advance at the earlier stages is termed as Calls-in-Advance.

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अध्याय 1: Accounting for Share Capital - Question for Practice [पृष्ठ ६४]

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एनसीईआरटी Accountancy - Company Accounts and Analysis of Financial Statements [English] Class 12
अध्याय 1 Accounting for Share Capital
Question for Practice | Q 7 | पृष्ठ ६४
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