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Question
Short Answer Question
What is meant by Calls-in-Advance?
Short/Brief Note
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Solution
Calls-in-Advance refers to a situation when a shareholder pays the whole amount or a part of the amount of shares before it become due, i.e. before the company calls for it.
So, the amount of money that is being paid in advance at the earlier stages is termed as Calls-in-Advance.
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