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What is meant by Calls-in-Advance?

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प्रश्न

What is meant by Calls-in-Advance?

लघु उत्तरीय
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उत्तर

Calls-in-Advance refers to a situation in which a shareholder pays the full or part of the amount for shares before they become due, i.e., before the company calls for payment. 
So, the amount of money paid in advance at the earlier stages is called Calls-in-Advance.

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अध्याय 1: Accounting for Share Capital - Question for Practice [पृष्ठ ६७]

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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 ६७
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