Amount of calls in arrears is shown as __________ from subscribed capital in the financial statement.

an addition

No worries! We‘ve got your back. Try BYJU‘S free classes today!

a deduction

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

no treatment

No worries! We‘ve got your back. Try BYJU‘S free classes today!

none of these

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is B
a deduction

Amount of calls in arrears is shown as a deduction from subscribed capital in the financial statement.

Suggest Corrections

Similar questions

Whenever securities premium is not received and the shares are forfeited, what will be the treatment in Calls in Arrear A/c?

Q. The subscribed capital of a company was ₹40,00,000, and the nominal value of each share was ₹50. There were no calls-in-arrears till the final call was made, and the final call made was paid on 77,500 shares only. The balance in the calls-in-arrears amounted to ₹31,250. Calculate the final call on share.

[0.88 marks]

The subscribed capital of a company is Rs. 80,00,000 and the nominal value of the share is Rs. 100 each There were no calls in Arrear till the final call was made, the final call made was paid on 77,500 shares only. The balance in the calls in Arrear amounted to 62,500. Calculate the final call on share.

Q. A limited provides you the following information, Equity share capital, call up Rs.