Question

in a companys balance sheet, calls in advance and interest thereon is shown under?
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Answer 1

Answer

When a company issues its share in the market, public purchases its shares and they become its shareholders. The Company may call the whole amount at a time in a lump sum or partially by way of calls. Sometimes, the shareholders may not pay the amount called on a particular date, that amount is known as Calls in Arrears.

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