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Company Accounts – Issue of Shares — Book Keeping & Accountancy STD 12 Commerce / Arts — Question

Maharashtra BoardEnglish MediumSTD 12 Commerce / ArtsBook Keeping & AccountancyCompany Accounts – Issue of Shares1 Mark
Question
Define Calls-in-Advance.
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Answer

Calls-in-Advance is that amount paid by the shareholders in excess of the call amount due from them. .

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