CUET Preparation Today
| Which of the following is true about the calls in advance in share capital? |
Added to share capital Deducted from share capital Not shown in the balance sheet Shown on the Equity and Liabilities side |
| Shown on the Equity and Liabilities side |
| The balance in ‘Calls in Advance’ account is shown as a separate item under the title Equity and Liabilities in the company’s balance sheet under the head ‘current liabilities’, as sub-head ‘others current liabilities’. It is not added to the amount of paid-up capital. |
