Tag Archives | Calls-In Arrears and Advance

In this article we will discuss about the accounting entries for call-in-arrears and calls-in-advance, explained with the help of an illustration. Calls-In-Arrears: If any amount, called in respect of a share, is not paid before or on the date fixed for payment thereof, such amount which is not paid, is called "CALLS-IN-ARREARS". Amount may be called up by the Company [...]