Agra co. Ltd. did not receive 20,000 from its shareholders on the calls made. The accountant
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Agra co. Ltd. did not receive ₹ 20,000 from its shareholders on the calls made. The accountant of the company is of the opinion that the amount of ‘calls-in-arrear’ should be shown as ‘Current Assets’ because the amount has been accrued by the company. Is accountant correct in his approach.
Related Book For
Intermediate Accounting
ISBN: 978-1118147290
15th edition
Authors: Donald E. Kieso, Jerry J. Weygandt, and Terry D. Warfield
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