is like a loan received by the company from the shareholders.

Calls in advance

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Calls in arrears

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Share allotment

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Solution

The correct option is A Calls in advance
Calls in advance is like a loan received by the company from the shareholders and company pays interest on such amount.

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Similar questions

A Company issued 50,000 equity shares of Rs 10 each at par payable as under:

On Application Rs 2; on allotment Rs 1; on first call Rs 3 and on final call Rs 4 per share (four months after first call).

Amount due on application and allotment was duly received. One shareholder holding 1,000 shares could not pay the first call money in time. Another shareholder holding 2,000 shares paid the final call money along with the first call money.

Final call was made. All the shareholders paid in full. First call arrear on 1,000 shares were also received at the time of final call.

(a) Make entries in the Company's journal for transactions relating to first call and final call.

(b) Company also decided to provide free transportation facility to its employees. Identify the value involved in this decision.

When the company received the call money from shareholder which is not yet called. This is known as ?

Q. If authorized by the____________ a company may received from a shareholder the amount remaining unpaid on shares, even though the amount has not been called up which is known as calls-in-advance.

When shareholders make default in the payment of allotment money or call money due from them, it is termed as__________

Q. When shareholders make default in the payment of allotment money or call money due from them, it is termed as .

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is like a loan received by the company from the shareholders.

The correct option is A Calls in advanceCalls in advance is like a loan received by the company from the shareholders and company pays interest on such amount.

The correct option is A Calls in advance
Calls in advance is like a loan received by the company from the shareholders and company pays interest on such amount.