Question

Define call-in-advance. (Answer in one sentence)

Answer 1

CALL IN ADVANCE IS THAT AMMOUNT PAID BY THE SHAREHOLDERS IN EXCEES OF THE CALL AMOUNT DUE FROM THEM...

Answer 2

Answer:

As per the question

Call-in-advance : Some times shares holds chose to pay the call money in advance which should be credit to calls in advance account.

Over subscription of issue is another reason for opening calls in advance

Interest is paid on the calls in advance if it is specified in the in the articles of associations of the company adopts table a for internal administration interest can be paid at rate.