CUET Preparation Today
| What is the treatment of amount of Calls in Advance? |
Added to Share Capital Deducted from Share Capital Shown on the Assets side Shown on the Equity & Liabilities side |
| Shown on the Equity & Liabilities side |
| We show the Calls-In-Advance in the Equity and Liabilities part of the Balance Sheet under the head Current Liabilities and sub-head Other Current Liabilities. Calls in advance is an amount which is excess paid by the shareholders against which the calls are not yet due. Calls in advance is a current liability. |
