Accountancy, asked by ritiksharma64dt04, 5 months ago

Penalty for delay in refunding application money is charged:-

1 point

(a) 6%

(b) 5%

(c) 15%

(d) 20%

​

Answers

Answered by komalanita333
2

Answer:

I think 6 %

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Answered by gajuladishitha30
5

Answer:

12%

Explanation:

If the company fails to repay the application money within the said 60 days period, it shall be liable to repay that money with interest @ 12% p.a. from the expiry of the 60th day.

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