Question

Deduction made from share capital to find out paid up capital. Answer in a word / phrase / term.

Answer 1

CALLS IN ARREARS IS THE ANSWER ✓✓✓

Answer 2

Answer:

Calls in arrears

Explanation:

Calls in arrears is that amount, which on payment has not been paid by the members or the shareholders of the company. When the amount is not paid, then the account is marked as calls in arrears account.

Calls in arrears is a liability for the business and is a personal account.