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What are calls in Arrears ?...

What are calls in Arrears ?

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Calls-in-arrears refers to the amount which has not been paid by the shareholder on allotment or calls made by the Company till the last day fixed for the payment therefore.
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Call In Arrears

The subscribed capital of a company is Rs. 80,00,000 and the nominal value of the share is Rs. 100 each. There were no calls in arrear till the finall call was made. The final call made was paid on 77,500 shares only. The balance in the calls in arrear amount to Rs. 62,500. Calculate the final call on share.

Following amount were payable on issue of shares by a Company : Rs. 3 on application, Rs. 3 on allotment, Rs. 2 on first call and Rs. 2 on final call. X holding 500 shares paid only application and allotment mony whereas Y holding 400 shares did not pay final call. Amount of calls in arrear will be :

What are called Okazaki fragments ?

A company is registered with an authorised capital of 1,25,000 Equity Shares of Rs. 10 each. The company offered 80,000 Equity Shares to the public for subscription payable as follows: 25% on application, 25% on allotment, 25% on first call, the balance on final call. Applications were received for 75,000 shares. The company duly allotted these shares. It made only the first call by 31 st March, 2019. The first call money was received on all the shares except 300 Equity Shares. What is the Company's: (i) Authorised Share Capital, (ii) Issued Share Capital, (iii) Subscribed Share Capital, and (iv) Calls-in-Arrears?

DK GOEL-COMPANY ACCOUNTS - ISSUE OF SHARES -VERY SHORT ANSWER QUESTIONS (Knowledge based)
  1. How Share Issue Expenses are shown in the Balance Sheet ?

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  2. How 'securities premium reserve' appears in the Balance Sheet ?

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  3. State two purposes for which securities premium reserve can be used by...

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  4. What is Over-subscription ?

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  5. What is pro-rata allotment of shares ?

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  6. What is meant by 'Minimum Subscription' ?

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  7. What are calls in Arrears ?

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  8. How are Calls-in-arrears shown in the Balance Sheet ?

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  9. What is meant by Calls-in-Advance ?

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  10. How are Calls in Advance shown in the Balance Sheet ?

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  11. At what rate interest on Calls-in-Arrears can be charged by a Company ...

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  12. At what rate interest on Calls-in-Advance may be paid by a Company acc...

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  13. What is meant by issue of shares for consideration other than cash ?

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  14. What is meant by forfeiture of shares ?

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  15. What is meant by surrender of shares ?

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  16. What is maximum amount of discount which may be allowed on reissue of ...

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  17. Where would you transfer the balance left in the share forfeited accou...

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  18. What is meant by 'Issue of shares for consideration other than cash' ?...

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  19. What is the name given to that 'part of capital' of a company which is...

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  20. Give the meaning of 'Subscribed and Fully Paid-up-Capital'.

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