When the proposed dividend exceeds 20% of the paid up capital, percentage of profit to be transferred to reserve is
A) 10%
B) 7.5%
C) 2.5%
D) 5%
Correct Answer:
Verified
Q8: The transfer of profit to reserve should
Q9: Loose tools are shown in the balance
Q10: Discount on shares and debentures are shown
Q11: Calls in arrear Is
A)Shown as current asset
B)deducted
Q12: The amount set aside to meet the
Q14: In the case of joint stock company,
Q15: Advance payment of tax should be shown
Q16: Which of the following items will be
Q17: Scrip dividend means
A)Unclaimed dividend
B)arrears of dividend
C)dividend paid
Q18: Which of the following would not appear
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