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What is calls in advance

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What is calls in advance

Posted by Kishan Agarwal 5 years, 3 months ago

CBSE > Class 12 > Accountancy

1 answers

Sia ? 4 years, 7 months ago

The excess money that the company receives from the shareholders is termed as calls in advance. Any company accepts calls in advance if authorized by its Articles. The amount thus received has to be credited to the "calls in advance" account. The amount paid previously is adjusted.

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CBSE > Class 12 > Accountancy

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Posted by Mahi . 1 year, 5 months ago

CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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