Nisha Sharma posted an Question
April 05, 2021 • 20:36 pm 30 points
  • UGC NET
  • Commerce

What is the current rate of interest in calls in advance in companies account

what is the current rate of interest in calls in advance in companies account

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  • Rucha rajesh shingvekar best-answer

    12% A company may pay interest on such amount received in advance at the rate of 12% p.a. No dividend is payable on this amount. It adjusts the amount of calls-in-advance for the payment of calls when they become due. Interest payable on Calls-in- Advance is a liability against the profits of the company.

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