- is deducted from the called-up capital in order to calculate paid-up capital-Uncalled capitalCalls in arrearCalls in advanceReserve capital

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Standard XII

Accountancy

Changes in Trade Receivables

______ is ded...

Question

______ is deducted from the called-up capital in order to calculate paid-up capital.

Calls in arrear

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Calls in advance

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Uncalled capital

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Reserve capital

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Solution

The correct option is B Calls in arrear
The amount which is not paid by the shareholders on call, the unpaid amount is called calls in arrears.
The amount of calls in arrears will be deducted from called up capital to show the net paid up capital.

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PRACTICAL PROBLEMS

(Calculation of different types of Capital):

From the following details calculate authorised capital, issued, subscribed, called up and paid up share Capital and also calls in arrear and uncalled capital:

Pankaj Ltd. was formed with a capital of Rs 5,00,000 divided in to 5,000 shares of Rs 100 each. Of these 1,000 shares were issued to the vendor as fully paid in payment of purchase of machinery. 3,000 shares were offered to the public and of these 2,500 shares were applied and allotted. Rs 10 was payable on application and Rs 25 on allotment. The balance was yet to be called. All the money called up was duly received with the exception of allotment money on 300 shares.

Is 'Reserve Capital' a part of 'Unsubscriptd Capital' or 'Uncalled Capital'?

Q. Is 'Reserve Capital' a part of 'Unsubscribed Capital' or 'Uncalled Capital'?

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______ is deducted from the called-up capital in order to calculate paid-up capital.

The correct option is B Calls in arrearThe amount which is not paid by the shareholders on call, the unpaid amount is called calls in arrears. The amount of calls in arrears will be deducted from called up capital to show the net paid up capital.

The correct option is B Calls in arrear
The amount which is not paid by the shareholders on call, the unpaid amount is called calls in arrears.
The amount of calls in arrears will be deducted from called up capital to show the net paid up capital.