When a company-issued share is payable by installments, it was faced with two issues that needed to be resolved.
The first issue concerned the opening of a new segment for each installment in order to record in it payments received from shareholders on a specific installment. This procedure does not reconcile the full amount due with the amount received.
The second issue was that the accounting records did not provide for both revenue and cash receipts (in case of payment). If a part is paid, it is debited to an account in the creditor's ledger; but there can be no cash receipt if only one installment is received at any one time.