Please answer question no 5

Kindly refer to the attached image.

Varshaa M

CA Final

★ 35K+

04-Aug-23 14:19

"Dividend shall be paid upto paid up capital only" Here in the case - paid up is only ₹90 but not ₹100 So , 5000shares × ₹90 = ₹4,50,000 And now Declared Dividend Rate (10%) on ₹4,50,000 = ₹45,000

SAI AKASH GORU

CA Final

★ 750

04-Aug-23 14:18

Thank u bro

Thread Starter

Dhakshana Dhakshana

CFA L2

★ 18K+

04-Aug-23 14:19

No dividend, will be received by karan, as 50000 due from him will get adjusted to his dividend receivable of 50000

R Yashwanth Kumar

CA Final

★ 87K+

06-Aug-23 12:38

Please Excuse me I'm wrong 🥲😅 sorry bro for wrong answer Yashwant Bro's answer is right 👍

SAI AKASH GORU

CA Final

★ 750

06-Aug-23 12:40