Question

Difference between call in arrears nd call in advance

Answer 1

Answer:

Calls in arrears is when the shareholders fail to pay the amount of share capital called up within the stipulated time.

Calls in advance is when the shareholders pays the amount for the part of share capital that has not been called up yet.

Answer 2

Answer:

Calls in arrears is when the shareholders fail to pay the amount of share capital called up within the stipulated time. Calls in advance is when the shareholders pays the amount for the part of share capital that has not been called up yet.