Advertisement Remove all ads

Select the Most Appropriate Answer from the Alternatives Given Below and Rewrite the Sentence : - Book Keeping and Accountancy

Advertisement Remove all ads
Advertisement Remove all ads
Advertisement Remove all ads
MCQ

Select the most appropriate answer from the alternatives given below and rewrite the sentence :
_____________ is deducted from the share capital to know paid up value of shares.

Options

  • Calls-in-advance

  • Calls-in-arrears

  • Forfeited shares

  • Discount on issue

Advertisement Remove all ads

Solution

Calls-in-arrears is deducted from the share capital to know paid up value of shares.

Explanation: Calls-in-arrears represent the amount of capital called by a company but not paid by the shareholders. Calls-in-arrears are shown on the Liabilities side of the company’s Balance Sheet by way of deduction from the called-up capital to arrive at the net paid-up capital.

Concept: Calls in Advance and Arrears
  Is there an error in this question or solution?

APPEARS IN

Micheal Vaz Accounts - Book Keeping and Accountancy HSC 12th Standard Maharashtra State Board
Chapter 10 Company Accounts Part - 1 (Accounting for Shares)
Exercise | Q 10 | Page 351
Advertisement Remove all ads
Share
Notifications

View all notifications


      Forgot password?
View in app×