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The amount called in respect of a share but not paid before or on the...

Accounts - Principles of Accounts
JAMB 2018

The amount called in respect of a share but not paid before or on the date fixed for payment is referred to as:

  • A. Call in advance
  • B. call in arrears
  • C. forfeiture
  • D. shares
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Correct Answer: Option B
Explanation

is the amount called by the company which is not paid by the shareholders before the due date fixed for payment


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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
WAEC offline past questions - with all answers and explanations in one app - Download for free
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC offline past questions - with all answers and explanations in one app - Download for free