Accountancy Part AAccounting for Shares

In case of issue of shares, there must be an interval of at least …………

In case of issue of shares, there must be an interval of at least …………month (s) between the making of two calls unless otherwise provided by the articles of association of the company.

Answer & explanation

Correct answer: option 1

The correct answer is Option (1) → One

NCERT (2026-27 edition):
Accounting Treatment – “… Two points are important regarding the calls on shares. First, the amount on any call should not exceed 25% of the face value of shares. Second, there must be an interval of at least one month between the making of two calls unless otherwise provided by the articles of association of the company.”