Accountancy, asked by sweetychd2329, 2 months ago

Give the meaning of Calls-in-Arrears.

Answers

Answered by ri7710808
0

Answer:

Call in Arrear

The company calls for money from shareholders when needed within a certain period. If the shareholder is not able to pay the call amount due on an allotment or on any calls according to the terms before or on the specific date fixed for payment, such amount is taken as 'call in arrears'.

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