📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!


    Question

    The excess amount of share premium paid by shareholders

    over and above the amount called by the company is known as _______
    A Unpaid call money Correct Answer Incorrect Answer
    B Paid-up call money Correct Answer Incorrect Answer
    C Calls in arrears Correct Answer Incorrect Answer
    D Calls in advance Correct Answer Incorrect Answer
    E Called up capital Correct Answer Incorrect Answer

    Solution

    Calls in advance is the excess amount paid by shareholders over and above the amount called by the company. It is a liability and shown separately, not as share capital.

    Practice Next
    ask-question