Refresh

This website www.ixambee.com/questions/finance-and-management/communication/195006 is currently offline. Cloudflare's Always Online™ shows a snapshot of this web page from the Internet Archive's Wayback Machine. To check for the live version, click Refresh.

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


    Question

    A company has to transfer the unclaimed dividend to

    which account?
    A Unpaid Dividend account Correct Answer Incorrect Answer
    B Accrued Dividend Account Correct Answer Incorrect Answer
    C Investor Education and Protection Fund Correct Answer Incorrect Answer
    D Capital Redemption Reserve Correct Answer Incorrect Answer
    E Capital Reserve Correct Answer Incorrect Answer

    Solution

    In case where such dividend remained unpaid or unclaimed within 30 days from the date of declaration, the amount is transferred to ‘ Unpaid Dividend Account ’ within 7 days from expiry of such 30 day period  

    Practice Next

    Relevant for Exams:

    ask-question