Calls is arrears is a/an for the company.

asset

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

liability

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

expense

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

income

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

Open in App

Solution

The correct option is A asset
Calls in arrears is an asset for the company as the company has a right to recover the sum from the shareholder.

Suggest Corrections

Similar questions

Calls is arrears is a/an _________ for the company

As per Companies Act, 2013, the maximum rate of interest on calls in arrears is_________.

Join BYJU'S Learning Program