Calculate the amount of Dividend paid during the year 2022 from the following information: Balance of Proposed Dividend as on 31st March 2021 = ₹40,000 Balance of Proposed Dividend as on 31st March 2022 = ₹60,000 Interim Dividend paid @20% on share capital. Share capital was ₹4,00,000.
₹1,20,000
Dividend Paid = (Interim Dividend) + (Opening Proposed Dividend - Closing Proposed Dividend).
= (₹4,00,000 × 20%) + (₹40,000 - ₹60,000).
= ₹80,000 + ₹40,000 = ₹1,20,000.
Important Questions from Financial Statements of a Company
Arrange the following steps in the correct sequence of the life of a company:
(A) Commencement of Business
(B) Incorporation
(C) Promotion
(D) Floatation
Choose the correct answer from the options given below:
Salaries and wages are shown in the Statement of Profit and Loss under the head:
The amount of Capital Reserve is:
Loan taken by A Ltd from Punjab National Bank will be classified under the following head:
Shareholder’s fund will be:
