the amount not collected by shareholders should be shown as ??
Answers
Answer:
When any shareholder fails to pay the amount due on allotment or on any of the calls, such amount is known as 'Calls-in- Arrears'/'Unpaid Calls'. Calls-in-Arrears represent the debit balance of all the calls account and are shown as a deduction from the paid-up capital on liabilities side of the balance sheet....
Answer:
Calls in Arrear or Unpaid Amount of Calls
Explanation:
Shareholders frequently fail to pay the call amount when it becomes due. This amount is referred to as "Calls-in-Arrears" or "Unpaid Calls" when a shareholder fails to pay the sum due on allotment or on any of the calls. Calls-in-Arrears, which are deducted from the paid-up capital on the liabilities side of the balance sheet, represent the debit balance of all the calls accounts.
Share capital is reported by a company on its balance sheet in the shareholder's equity section. Therefore, it happens many times that amount is not being paid by the Share Holders and they are reported as Unpaid amout held by them
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