Concept:Call in arrears refers to the amount demanded by a company from shareholders that remains unpaid by the due date.
Explanation:When a company makes a call on its shares, shareholders are expected to pay the amount by a fixed date.
If a shareholder fails to pay the amount before or on that date, the unpaid portion is recorded as call in arrears.
This is different from call in advance, which is payment received before the company actually demands it.
Forfeiture occurs when shares are cancelled due to non-payment of calls, and shares simply represent units of ownership in the company.
Therefore, the amount not paid by the due date is known as call in arrears.
Answer:B. Call in arrears