Discussion Forum : Accounting For Share Capital
Question -
A shareholder holding 600 shares paid the amount of call @ Rs. 5 per share on 1st November 2013 whereas the call was due on 1st March 2014. Maximum interest on calls in advance will be :
Answer: Option B
:
B
Was this answer helpful ?
:
B
Maximum interest on calls in advance will be
= 600*5*12%*4/12
= Rs 120
Was this answer helpful ?
Login With Google
Old way of Login
Login With Email
Submit Your Solution hear: