πŸ“Š Financial Accounting
Q. As per the rules framed under the companies Act, 1956, if the dividend proposed by a company is 12% of the paid up capital, the amount to be transferred to reserve must not be less than
  • (A) 5% of current year profit
  • (B) 7.5% of the current year profit
  • (C) 10% of the current year profit
  • (D) 2.5% of the current year profit.
πŸ’¬ Discuss
βœ… Correct Answer: (D) 2.5% of the current year profit.

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