Question

Amount called on shares by the company but not received. Answer in a word / phrase / term.

Answer 1

CALLS IN ARREARS.....✓✓✓

Answer 2

Explanation:

Amount called on shares by the company but not received are called calls in arrears.

A shareholder may sometimes fail to pay allocation or call money on all the shares or some of the shares he / she owns. The quantity invoked by a business but not paid (received) by (from) a shareholder is the amount due, i.e. the amount exceptional. It is therefore called calls-in-arrears. Calls in arrears are shown by manner of deduction from the [aid up capital in the balance sheet of a company