As per Table F, the Minimum rate of interest that can be charged on calls- in-Arrear and that can be allowed on calls-in-advance are 10% p.m. and 12% p.m. respectively.
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Company AccountsQ-2 | Introduction to Company AccountsQuestion 4882 of 112
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Detailed Solution & Explanation
False: As per Table F, the maximum rate of interest that can be charged on Calls-in-Arrear
and that can be allowed on calls-in-advance are 10% p.a. and 12% p.a. respectively.
About This Chapter: Partnership & Companies
Paper
Paper 1: Accounting
Weightage
15-20%
Key Topics
Admission, Retirement, Death, Shares, Debentures
This chapter covers Admission, Retirement, Death, Shares, Debentures and is part of Paper 1: Accounting in the CA Foundation exam.
View Official ICAI SyllabusExam Strategy Tip
This topic carries 15-20% weightage. Focus on understanding core concepts rather than memorizing.
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