If rate of proposed dividend is less than 10% of paid up capital, the rate of profit transferred to Reserve shall be……….. | Faculties

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Q. If rate of proposed dividend is less than 10% of paid up capital, the rate of profit transferred to Reserve shall be………..

(A) 10%
(B) 2.5%
(C) 5%
(D) Nil

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✅ Correct Answer: (D) Nil

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