Calls in Arrears
What are the various Calls in Arrears? Describe it.
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Calls in Arrears: Assume that, you issue shares of $ 5,00,000 and out of this you encompass to get $ 1,00,000 in the form of final call. $ 20,000 is not acquired on its due date. That $ 20,000 will be calls in arrears. This is the asset of company and it should be deducted from called up capital for computing net paid up capital that is shown in liability side of balance sheet. Such call in arrears might be of managers, directors or other shareholders.
Q : Characteristics which accounting What are the key qualities or characteristics which accounting information should possess?
What are the key qualities or characteristics which accounting information should possess?
Opportunity Cost: The value of the substitutes foregone by approving a particular strategy or utilizing resources in a particular manner. Al so termed as Alternative Cost or Economic Cost.
What do you mean by the term balancing risk and return? Explain in brief?
Cost: The monetary value of resources employed or liabilities or sacrificed incurred to attain an objective, such as to obtain or make a good or to execute an activity or service.
Expense: The Outflow or other using up of resources or acquiring liabilities (or a combination of both), the advantages from which exert to an entity's operations for the present accounting period, however they do not expand to future
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