Question

call in arrears is asset or liability?​

Answer 1

Answer:

Calls-in-arrears means the share money which was called up by the company to be paid by the shareholder but the shareholder failed to pay the amount due

Answer 2

Answer:

Calls-in-arrears means the share money which was called up by the company to be paid by the shareholder but the shareholder failed to pay the amount due. So calls-in-arrears is an asset 

Hope it helps