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Why calls in arrears are not considered in trail balance?
Vasu Naidu
CA Inter
★ 0
03-Feb-23 13:08
354
Answers (2)
Calls in arrears amount is already adjusted in preference share capital (1 lakh - 5,000 = 95k) in the trial balance and is not shown separately.
Sarthak Aggarwal
CA Final
★ 9K+
04-Feb-23 12:15
It's considered that is why the amount is 95k
mani charan
★ 3K+
13-Feb-23 21:33
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