The………………Fund cannot be utilized for payment of dividend as bonus.

Related MCQs

• A co-operative Society may createout of its net profit for payment of bonus to person who are not its members.
• AS …………….also focuses on profit sharing and bonus plan.
• Every banking company incorporated in India must transfer to the Reserve fund a sum equivalent to not less than 25% of profit of each year before declaration of dividend.
• Dividend received on shares is comes to the……………. side of profit and loss account.
• The ratio shows the preference dividend as a proportion of profit available for shareholders is
• The dividend is related to the market value of shares in .
• The Insurance Company cannot prevent the happening of risk but provide for losses at the happening of risk.