📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    âš¡ Month End Offer - Flat 52% Off On All Courses! Enroll Now âš¡
    00:00:00 AM Left

    Question

    Under Companies Act, 2013, a company can declare

    dividend from:
    A Current year profits only Correct Answer Incorrect Answer
    B Past reserves only Correct Answer Incorrect Answer
    C Profits after providing depreciation Correct Answer Incorrect Answer
    D Revaluation reserve Correct Answer Incorrect Answer

    Solution

    As per Section 123, dividend can be declared only after providing for depreciation under Schedule II of the Act.

    Practice Next
    More Accounts Questions
    ask-question