Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

a) Dream World Entertainment Limited, has accepted deposits worth 50.00 lacs from public on 1st April 2019 for a period of 24 months i.e. repayment

a) Dream World Entertainment Limited, has accepted deposits worth 50.00 lacs from public on 1st April 2019 for a period of 24 months i.e. repayment of deposit would be made on 31st March 2021. The rate of interest payable on such deposits is 9% p.a. One of the depositors Mr. 2 Aman requested the company on 1 st June 2020 for premature repayment of his deposit of 6.00 lacs along with interest. Advise the company in the said matter

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Im Just A Girl Who Loves Auditing And Coffee

Authors: Michael Happiness

1st Edition

B08HT8643K, 979-8684238604

More Books

Students also viewed these Accounting questions

Question

What are the salient product features of CFD?

Answered: 1 week ago

Question

Identify cultural barriers to communication.

Answered: 1 week ago