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easyMCQCUET Accountancy 2025 2 June Shift 22026CUET Accountancy
1 mark

Calls in arrears are shown in the balance sheet as:

  1. A
    Current assets.
  2. B
    A deduction from the paid up capital.
  3. C
    Current liability.
  4. D
    Reserve and surplus.

Solution & Step-by-step Explanation

According to Schedule III of the Companies Act, 2013, the amount of calls-in-arrears is shown as a deduction from the 'Subscribed but not fully paid-up' capital under the head 'Share Capital' in the Notes to Accounts of the Balance Sheet. This reduces the called-up capital to arrive at the net paid-up capital.

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Calls in arrears are shown in the balance sheet as:
A
Current assets.
B
A deduction from the paid up capital.
C
Current liability.
D
Reserve and surplus.

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Company AccountsShare CapitalBalance Sheet

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