Accountancy Part AAccounting for Shares

The amount of any call should not exceed ................ of face val…

The amount of any call should not exceed ................ of face value of shares.

Answer & explanation

Correct answer: option 3

The correct answer is Option (3) → 25% of face value of share

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.”