Accountancy, asked by nikhilsingh5d, 4 months ago

Amount of calls in Arrear is

Answers

Answered by harshitha4325

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Answered by rakeshsangwan2006

Explanation:

Calls-in-Arrears Account to be opened. The company can charge interest on all such calls in arrears for the period the amount remain unpaid at the rate of 5% p.a. The total of Calls- in-Arrears is shown in the Balance Sheet as a deduction from the Called up Capital.

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