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How are Calls-in advance shown in the Balance Sheet? - Accounts

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Question

How are Calls-in advance shown in the Balance Sheet?

Very Short Answer
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Solution

Calls-in advance is shown under ‘Current Liabilities’, Sub-head ‘Other Current Liabilities’ in the Company's Balance Sheet.

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Chapter 6: Company Accounts - Issue of Shares - SHORT ANSWER QUESTIONS [Page 6.147]

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D. K. Goel Accountancy Volume 1 and 2 [English] Class 12 ISC
Chapter 6 Company Accounts - Issue of Shares
SHORT ANSWER QUESTIONS | Q 28. b | Page 6.147
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