Asked/Added Questions From NCERT:

Question 1. Asked on :08 August 2021:04:33:32 AM

Which type of the following shares have the right to receive dividends unpaid in prior years, whenever earnings become adequate?

a) Interest on calls-in-advance is paid from the date of receipt of advance to the date of relevant call.

b) Calls-in-advance are not entitled for any dividend

c) According to Table A, interest on calls-in-advance is paid at the rate of 6% p.a.

d) Payment of interest on calls-in-advance is at the discretion of the company.

-Added by Master Purushottam Accountancy » Issue Of Share Capital MCQs


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