Give one word / Term / phrase for the following statement : Amount ca

1.	Give one word / Term / phrase for the following statement : Amount called on shares by the company but not received.
Answer» Calls-in-arrears Explanation: Sometimes, a shareholder might fail to pay allotment or call money on all the shares or some of the shares held by him/her. The amount that is called up by a company but not paid (received) by (from) a shareholder represents the amount due, i.e. the outstanding amount. Therefore, it is termed as calls-in-arrears. Calls-in-arrears are shown in a company’s Balance Sheet by way of deduction from the called-up capital.

Give one word / Term / phrase for the following statement : Amount called on shares by the company but not received.

Answer»

Calls-in-arrears

Explanation: Sometimes, a shareholder might fail to pay allotment or call money on all the shares or some of the shares held by him/her. The amount that is called up by a company but not paid (received) by (from) a shareholder represents the amount due, i.e. the outstanding amount. Therefore, it is termed as calls-in-arrears. Calls-in-arrears are shown in a company’s Balance Sheet by way of deduction from the called-up capital.

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Give one word / Term / phrase for the following statement : Amount called on shares by the company but not received.

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