In the case of a share issue being oversubscribed, any amount kept by the company for future calls is credited to a Calls in Advance account, which is reported in the equity section of the statement of financial position.

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When a share issue is oversubscribed, the excess amount received is credited to the Calls in Advance account, which is reported in the equity section of the statement of financial position. This account represents the amounts received but not yet called up on shares.

In the Case of a Share Issue Being Oversubscribed, Any