N. k. gupta Asked a Question
April 4, 2021 11:44 ampts 30 pts
on eduncle book some places interest on calls in arrears is 10% and other place is 5% so which one is interested rate for calls in arrears
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  • Rucha rajesh shingvekar thankyou
    As per Table F of Schedule I of the Companies Act, 2013, Company can charge interest @ 10% p.a. from the due date to the date of actual payment.
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  • Rucha rajesh shingvekar thankyou
    5% p.a. Calls in Arrears Journal Entry In case of any default, the amount is called as Calls in arrears and a separate Calls in Arrears Account has to be opened, to make the call...
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  • Aditi Best Answer
    The interest on calls-in-arrears is recoverable from the defaulters according to the provisions of Articles. But if the Articles are silent, shall be applicable  a rate of 5% p.a.,...
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    N. k. gupta
    that's why m ask mam
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