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Short Answer Question What is Meant by Calls-in-arrears? - Accountancy

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Short Answer Question

What is meant by Calls-in-Arrears?

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Solution

When shareholder fails to pay all the instalments in due time, then company expects the shareholder to pay the outstanding amount in the later stages (or calls). Such amount of money that is being paid at the later stages is termed as Calls-in-Arrears.

Concept: Features of a Company
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APPEARS IN

NCERT Class 12 Accountancy - Company Accounts and Analysis of Financial Statements
Chapter 1 Accounting for Share Capital
Short Answer Question | Q 4 | Page 64
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