Company accounts

When you post problem post either complete problem or solution Any ways here first and second call money received in advance at the time of allotment itself, which is on June ..on 30k shares ₹30 towards first call which is actually due on Nov ..in the same ₹20 towards second call money on 30 k shares in the june it's self but the actual due date is on 1 March ..so the intrest calculated from the date of receipt of advance money to actual dates towards first and second call respectively

Shrikant

CA Inter

★ 1K+

04-Dec-23 18:33

Total calls in advance received is 15lakhs on 1st june 9 lakhs allocated to first call on 1 nov so interest from 1st june to 1 nov, 5 months 6 lakhs allocated to final call on 1march so interest from 1st june to 1 march, 9 months

R Yashwanth Kumar

CA Final

★ 87K+

04-Dec-23 23:54

Understood tq bro

Thread Starter

Devi sri K

CA Foundation

★ 7K+

05-Dec-23 04:32

Understood tq bro

Thread Starter

Devi sri K

CA Foundation

★ 7K+

05-Dec-23 04:33