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Questions
Answer in one sentence only.
What is Calls-in-Arrears?
What is meant by Calls-in arrears?
One Line Answer
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Solution
Non-payment of allotment or call money by the applicants inspite of repeated reminders are called Calls-in-Arrears.
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Chapter 8: Company Accounts - Issue of Shares - Exercise 8.1 (Objective Questions) [Page 340]
