📢 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

    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