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Financial statement of company

Accountancy

Please solve this sum or atleast say the final answer (maximum amt of dividend that can be issued)

Dhakshana Dhakshana

CA Inter

★ 18K+

30-Nov-22 13:45

142

Answers (5)

Average of 3 previous financial year

R Yashwanth Kumar

CA Final

★ 57K+

30-Nov-22 17:05

10percent of paid up share capital = 10% of 80000 = 80000

R Yashwanth Kumar

CA Final

★ 57K+

30-Nov-22 17:06

R Yashwanth Kumar

10percent of paid up share capital = 10% of 80000 = 80000

But there are 2 more conditions..1 reserve can be withdrawn 10% of (paid up capital +free reserves) 2 minimum retention in reserve after divided should be 15% if paid up captial

Thread Starter

Dhakshana Dhakshana

CA Inter

★ 18K+

30-Nov-22 17:35

R Yashwanth Kumar

10percent of paid up share capital = 10% of 80000 = 80000

Please apply the other conditions and say the answer bro

Thread Starter

Dhakshana Dhakshana

CA Inter

★ 18K+

30-Nov-22 17:35

Only In case of inadequacy or absence of profits in any financial year, we have see the above conditions if there is adequate profits all this conditions not applicable

R Yashwanth Kumar

CA Final

★ 57K+

30-Nov-22 23:12