The term 'Calls in Arrears' is shown in the company's balance sheet:

CS Executive · Corporate and Management Accounting · PYQS · December 2019
The term 'Calls in Arrears' is shown in the company's balance sheet:
(A) Under current liabilities
(B) Under current assets, loans and advances
(C) As deducted from called up capital
(D) Non-current liabilities

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Company Accounts

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