As per Table F of Schedule I to the Companies Act, 2013, interest on calls-in-arrear is payable

Question:

As per Table F of Schedule I to the Companies Act, 2013, interest on calls-in-arrear is payable
A. @ 6% p.a.
B. @ 5% p.a.
C. @ 10% p.a.
D. @ 12% p.a.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Corporate Accounting As Per The Companies Act 2013 Including Rules 2014 And 2015

ISBN: 9789352605569

2nd Edition

Authors: M Hanif, A Mukherjee

See More Books

Question Posted: Aug 17, 2023 02:57 PM

See More Questions

If you invest P8,000 at 6.6% interest, compounding monthly, how much will you have in 3 years? 2. How much must you invest at 12% interest, compounding quarterly, in order to see your investment,...
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-6. On December 12, Irene purchased the building where her store is located. She paid...
Measure each amount given in Problems 1721. a. Container C in ounces b. Container C in milliliters mL 500- 400- 300 200- 100 cups 2 1 -16-ez -14 oz -12 oz -110 oz 8 oz -16 oz -4 oz 2 oz Container C...
Describe the behavior of a waiting line where > . Use both analysis and intuition.
Discuss the steps involved in the audit planning process.
Determine the capitalization rate for a property with a sales price of $400,000 and an expected Net Operating Income (NOI) of $18,000 in the year following the propertys sale. a) 4.25% b) 4.62% c)...
Rex Baker and Ty Farney are forming a partnership to which Baker will devote one-half time and Farney will devote full time. They have discussed the following alternative plans for sharing income and...
After graduating from Southwestern University in College Town, USA with a degree in business, Ethan Johnson realized that he wanted to remain in College Town. After a number of unsuccessful attempts...
At the time of forfeiture of shares A. Share capital account is credited with the called-up value of shares forfeited B. Share capital account is debited with the face value of shares forfeited C....
Which of the following statement is true for Commission on Issue of Shares ? A. It is shown in the Balance Sheet as a liability B. It is capitalised and shown in the Balance Sheet permanently C. It...
An $8.0 \mathrm{lb}$ bowling ball has a diameter of 8.5 inches. When lowered into water, this ball will A. Float. B. Sink. C. Have neutral buoyancy.
A company must decide between scrapping or reworking units that do not pass inspection. The company has 16,000 defective units that have already cost $132,000 to manufacture. The units can be sold as...
according to the phase rule, the triple point of a pure substance is A. invariant B. u nivariant C. bivariant D. none of the above
33. If the equipment in the previous question had sold for $15,000, the correct entry would be: a. Cash debit $15,000. Gain credit $3,000. $12,000 Equipment credit b. Cash debit $15,000. Debit a loss...
The banks play a central role in financial intermediation in New Zealand. 1.What is financial intermediation? Who performs it? and why is it important? 2.What is Qualitative Asset transformation...
Consider the following information attributed to the material management department Budgeted usage of materials - handling labor - hours 3,700 Budgeted cost pools: Fixed costs $166,500 Variable costs...
Nike, a supplier of sports footwear and apparel, is interested in the idea that it could increase its stock market value by creating options for itself. What actions might Nike take that might...
Wimot Trucking Corporation uses the units-of-production depreciation method because units-of-production best measures wear and tear on the trucks. Consider these facts about one Mack truck in the...
Explain the difference between natural accounts and functional accounts.
Could the approaches to cost allocation that we discussed in this chapter apply to a firm, like a travel agency, that produces only services? Explain your thinking.
What types of human resource issues does a marketing manager face when planning to expand sales operations from a branch office in a new overseas market? Are the problems any different than they...
Problem Set Time Value of Money 1. In 10 years, what is the value of $100 invested today at an interest rate of 8% per year, compounded annually? 2. In 10 years, what is the value of $100 invested...
The Blending Department of Luongo Company has the following cost and production data for the month of April. Costs: Work in process, April 1 Direct materials: 100% complete $120,000 Conversion costs:...
Q3 plz answer correctly and check work Builtrite's upper management has been comparing their books to industry standards and came up with the following question: Why is our operating profit margin...

As per Table F of Schedule I to the Companies Act, 2013, interest on calls-in-arrear is payable

Question:

Step by Step Answer:

C...View the full answer

Corporate Accounting As Per The Companies Act 2013 Including Rules 2014 And 2015

Students also viewed these Business questions