Accountancy Part AAccounting for Shares

The unpaid amount on allotment and calls may be transferred to ......…

The unpaid amount on allotment and calls may be transferred to ..................... account.

Answer & explanation

Correct answer: option 3

The correct answer is Option (3) → Calls in Arrears

NCERT (2026-27 edition):
Calls in Arrears – “It may happen that shareholders do not pay the call amount on due date. When any shareholder fails to pay the amount due on allotment or on any of the calls, such amount is known as ‘Calls in Arrears’/‘Unpaid Calls’. Calls in Arrears represent the debit balance of all the calls account.”