InterviewSolution
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InterviewSolution
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Select the most appropriate answer from the alternatives given below and rewrite the sentence : ________ is deducted from the share capital to know paid up value of shares. Options Calls-in-advance Calls-in-arrears Forfeited shares Discount on issue |
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Answer» Calls-in-arrears is deducted from the share capital to know paid up value of shares. Explanation: Calls-in-arrears represent the amount of capital called by a company but not paid by the shareholders. Calls-in-arrears are shown on the Liabilities side of the company’s Balance Sheet by way of deduction from the called-up capital to arrive at the net paid-up capital. |
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