The amount called in respect of a share but not paid before or on the date fixed for payment is referred to as?

By: |Published on: Nov 28|Categories: Accounting JAMB| 0 comments

A. Call in advance
B. call in arrears
C. forfeiture
D. shares

Correct Answer:

Option B – call in arrears

Explanation

Is the amount called by the company which is not paid by the shareholders before the due date fixed for payment

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