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The rate of interest on calls-in-advance is paid at A rate of:
  • a)
    5% p.a.
  • b)
    12% p.a.
  • c)
    10% p.a.
  • d)
    None of the above.
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
The rate of interest on calls-in-advance is paid at A rate of:a)5% p.a...
The amount received will be adjusted towards the payment of calls as and when they become due. Table A of the Companies Act provides for the payment of interest on calls in advance at a rate of 
12% per annum
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Community Answer
The rate of interest on calls-in-advance is paid at A rate of:a)5% p.a...
It was wrong because it was 12 % from point of table F and 6 % as per table A
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The rate of interest on calls-in-advance is paid at A rate of:a)5% p.a.b)12% p.a.c)10% p.a.d)None of the above.Correct answer is option 'B'. Can you explain this answer?
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