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

Related MCQs

• When the proposed dividend exceeds 20% of the paid up capital, percentage of profit to be transferred to reserve is
• Madhu Ltd. forfeited 800 shares of `10 each issued at 10% premium to Shyam (` 9 called up) on which he did not pay ` 3 of allotment (including premium) and first call of `2. Out of these, 600 shares were re-issued to Ram as fully paid up for `9 per share. What is to amount to be transferred to capital Reserve?
• The minimum application money to be paid by an applicant must not be less than …… as per Companies Act.
• The term ― Reserve‖ has been defined in ------ of the Companies Act, 1956
• As per the Companies Act, 1956 which of these are allowed to create secret reserves in their books of account
• Royalty accounting is covered under Companies Act 1956 Sol:
• If the opening capital is Rs.20,000 and closing capital is Rs.25,000; drawings made amounted to Rs.1,800; then, the amount of Rs.________ must be introduced as an additional capital during the year in order to earn a profit of Rs.2,800.
• A company registered with Registrar of Companies under Indian Companies Act is called as………..
• Goods are transferred from Department X to Department Y at a price so as to include a profit of 33.33% on cost. If the value of closing stock of Department Y is ` 48,000, then the amount of stock reserve on closing stock will be
• Goods are transferred from Department A to Department B at a price so as to include a profit of 33.33% on cost. If the value of closing stock of Department Y is `36,000, then the amount of stock reserve on closing stock will be