Interest is receivable on _ and payable on ____

Calls in Arrears, Calls In Advance

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Calls In Advance, Calls in Arrears

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Calls in Arrears, Calls in Arrears

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Calls In Advance, Calls In Advance

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Solution

The correct option is A
Calls in Arrears, Calls In Advance

Interest is receivable on calls in arrears and payable on calls in advance.

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Describe the provision of law relating to ‘Calls-in-Arrears’ and ‘Calls-in-Advance’.

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