The amount called in respect of a share but not paid before or on the...
FINANCIAL
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
Correct Answer: B. call in arrears
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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