When proposed dividend percentage is above 20%, then minimum transfer to general out of the profits for

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When proposed dividend percentage is above 20%, then minimum transfer to general out of the profits for the year should be:

(a) 5%

(b) 7.5%

(c) 10%

(d) It is situation specific

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Financial Accounting

ISBN: 9780071078023

1st Edition

Authors: Dhanesh K. Khatri

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Question Posted: Jan 04, 2024 07:09 AM

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When proposed dividend percentage is above 20%, then minimum transfer to general out of the profits for

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The minimum transfer to general reserve out of profits when the propose...View the full answer

Financial Accounting

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