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Question
Some shareholders pay a part or the whole of the amount of the calls not yet made. The amount so received from the shareholders is known as ______?
Options
Calls in advance
Calls in arrears
Both Calls in advance and Calls in arrears
None of the above
MCQ
Fill in the Blanks
Solution
Some shareholders pay a part or the whole of the amount of the calls not yet made. The amount so received from the shareholders is known as Calls in advance.
shaalaa.com
Accounting Treatment for Share Capital
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