Give the meaning of calls in arriars
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When a company calls for an unpaid amount of shares it has issued and an investor fails to pay the amount fully or partially, then it is known as call in arrears. In simple words, it refers to the amount of difference between called up capital and paid up capital.
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Answer:
It means share holder may fail to pay the amount due from them on allotment or on calls
Explanation:
In other words the amount called up but no yet received
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