Question : Interest on calls in arrears is charged according to Table F at-
Option 1: 10%
Option 2: 12%
Option 3: 14%
Option 4: 8%
Correct Answer: 10%
Solution : The Companies Act of 2013's Table F states that interest on calls-in-arrears is @ 10% per annum.
Hence the correct answer is option 1.
Option 3: 5%
Option 4: 6%
Question : In the absence of a partnership agreement, interest on partners' drawings is charged:
Option 1: @ 8% p.a.
Option 2: @ 9% p.a.
Option 3: @12% p.a.
Option 4: No interest is charged.
Question : If A : B = 2 : 3, B : C = 6 : 7, C : D = 14 : 3, then find A : B : C : D.
Option 1: 12 : 12 : 4 : 6
Option 2: 7 : 2 : 10 : 4
Option 3: 8 : 12 : 14 : 3
Option 4: 8 : 5 : 14 : 6
Question : What is the interest rate on calls in advance?
Option 1: 5% P.A
Option 2: 6% P.A
Option 3: 10% P.A
Option 4: 12% P.A
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