Option (ii) is correct. The provided text states that when shareholders pay the amount before it is called-up, it is known as 'Calls in Advance'. Since this amount is a liability for the company, it should be credited to 'Call in Advance Account'. The journal entry provided in the context is: Bank A/c Dr. To Calls in Advance A/c. This confirms that the Calls in Advance Account is credited upon receipt of the money.