Question

Give one word / Term / phrase for  the following statement :
Amount called on shares by the company but not received.

Answer 1

Calls-in-arrears

Explanation: Sometimes, a shareholder might fail to pay allotment or call money on all the shares or some of the shares held by him/her. The amount that is called up by a company but not paid (received) by (from) a shareholder represents the amount due, i.e. the outstanding amount. Therefore, it is termed as calls-in-arrears. Calls-in-arrears are shown in a company’s Balance Sheet by way of deduction from the called-up capital.