Question

    Calls in arrear is shown in Balance Sheet as?

    A Deduction from issued capital Correct Answer Incorrect Answer
    B Addition to issued capital Correct Answer Incorrect Answer
    C Deduction from called up capital Correct Answer Incorrect Answer
    D Addition to paid up capital Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Calls in arrears is shown in the liability side by deducting from the called up capital. If shares are forfeited, than it is deducted from share forfeited account.

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