What is meant by Calls-in-Advance? Post category:Accountancy Reading time:1 mins read SOLUTION Calls in advance refers to the amount which has not been called by company but has been paid by some shareholders in advance. Please Share This Share this content Opens in a new window X Opens in a new window Facebook Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostHow are Calls-in-arrears shown in the Balance Sheet? Next PostHow are Calls in Advance shown in the Balance Sheet? You Might Also Like What will be the Operating Profit Ratio, if Operating Ratio is 82.59%? August 17, 2022 A, B and C are partners in a firm sharing profits in the ratio of 3 : 2 : 1. They earned a profit of Rs. 30,000 during the year ended 31st March, 2019. Distribute profit among A, B and C if: (a) C’s share of profit is guaranteed to be Rs. 6,000 Minimum. (b) Minimum profit payable to C amounting to Rs. 6,000 is guaranteed by A. (c) Guaranteed minimum profit of Rs. 6,000 payables to C is guaranteed by B. (d) Any deficiency after making payment of guaranteed Rs. 6,000 will be borne by A and B in the ratio of 3 : 1. July 22, 2022 What do you mean by Redeemable Preference Shares? September 28, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
A, B and C are partners in a firm sharing profits in the ratio of 3 : 2 : 1. They earned a profit of Rs. 30,000 during the year ended 31st March, 2019. Distribute profit among A, B and C if: (a) C’s share of profit is guaranteed to be Rs. 6,000 Minimum. (b) Minimum profit payable to C amounting to Rs. 6,000 is guaranteed by A. (c) Guaranteed minimum profit of Rs. 6,000 payables to C is guaranteed by B. (d) Any deficiency after making payment of guaranteed Rs. 6,000 will be borne by A and B in the ratio of 3 : 1. July 22, 2022