Answer-In the context of a company, calls-in-arrears is shown:

Calls-in-arrears represents the amount not paid by shareholders hence, it is subtracted from the called-up share capital to show the actual paid-up capital.

Question

In the context of a company, calls-in-arrears is

shown:

A On the asset side of the Balance Sheet.

B As a deduction from called-up capital on the liabilities side.

C As a footnote to the Balance Sheet.

D In the Profit & Loss Account as income.

E As an addition to Reserves and Surplus.

Practice Next

More Presentation of Company Financial Statements Questions

Reward of land is
Which of the following element/substance leads to deflocculation of soil particles?
Which of the following crop is/are soil salinity tolerant?
The soil amendment used for the reclamation of Sodic soil is
Element involved in nitrogen fixation
Which of the following group of soil is the largest and most important group of India?
……………………………is a key factor for successful crop production and it is a measure of capacity of soil to supply plant nutrients.
...
The silk fibres are held together in cocoon by a substance known as……………………
Soil Health Card Scheme was launched in which year?
Which soil type covers the maximum area in India?

In the context of a company, calls-in-arrears is

Solution