CA Foundation doubt
2MTP Accounts . Questions no 6 (a) Interest on calls in advance 12% Not given questions can anyone explain!
Asked by Lokesh,B19 Jun 2024287 views
2 answers
Lokesh,B · 19 Jun 2024
Receivable 10% ha
Satish · 19 Jun 2024
According to companies Act 2013 The maximum rate of interest payable on calls in advance is 12% per annum.
Free app · 5 lakh+ learners
Ask your doubt in the Studycaller app
Read full notes, ask doubts, follow toppers and track your study hours — free on Android and iPhone.