9 Views

Question : Amount of money not received out of called up capital is :
Option 1: Call in advance
Option 2: Calls in arrear
Option 3: Uncalled capital
Option 4: None of the above

Team Careers360 2nd Jan, 2024

Answer (1)

Team Careers360 8th Jan, 2024

Correct Answer: Calls in arrear

Solution :
If any of the shareholders have not paid the amount on calls, such an amount may be called as ‘calls in arrears’. Therefore, paid up capital is equal to the called-up capital minus call-in arrears.

Hence the correct answer is option 2.

Share

Facebook Copy Link

More

Comments (0)

Related Questions

Question : The part of uncalled capital, to be called only in the liquidation of a company is called:
Option 1: Un-reserved Capital
Option 2: Reserve Capital
Option 3: Capital Reserve
Option 4: Calls-in Arrears

17 Views

Question : Arrange the following in proper sequence as a type of share capital :

(a) Paid up Capital

(b) Issued Capital

(c) Subscribed Capital

(d) Called up Capital
Option 1: Issued, Called-up, Paid-up, Subscribed
Option 2: Issued, Paid-up, Subscribed, Called-up
Option 3: Issued, Subscribed, Called-up, Paid-up
Option 4: None of the above

45 Views

Question : Interest received on Calls-in-arrear by a Company is considered as------------------.
Option 1: Operating activities
Option 2: Investing Activities
Option 3: Financing Activities
Option 4: None of the above

11 Views

Question : Interest received on Calls-in-arrear by a Company is considered as------------------.
Option 1: Operating activities
Option 2: Investing Activities
Option 3: Financing Activities
Option 4: None of the above

65 Views

Question : Debentures are redeemed without setting aside an amount to Debentures Redemption Reserve (DRR). It is called redemption ________.
Option 1: Out of capital
Option 2: Out of profit
Option 3: Both 1 and 2
Option 4: None of the above

15 Views

Link Copied

The question have been saved in answer later, you can access it from your profile anytime. Access now

Thanks! Your report is submitted, the author will be informed about it

Download Careers360 App

All this at the convenience of your phone

Regular Exam Updates
Best College Recommendations
College & Rank predictors
Detailed Books and Sample Papers
Question and Answers