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According to the Companies Act, 1956, what conditions must be fulfilled before a company can declare a dividend for a financial year?a)The company must have zero accumulated losses.b)The company must provide for depreciation for the current financial year.c)The company must have no outstanding debts.d)The company's profits should be higher than the previous year's profits.Correct answer is option 'B'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared
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According to the Companies Act, 1956, what conditions must be fulfilled before a company can declare a dividend for a financial year?a)The company must have zero accumulated losses.b)The company must provide for depreciation for the current financial year.c)The company must have no outstanding debts.d)The company's profits should be higher than the previous year's profits.Correct answer is option 'B'. Can you explain this answer?, a detailed solution for According to the Companies Act, 1956, what conditions must be fulfilled before a company can declare a dividend for a financial year?a)The company must have zero accumulated losses.b)The company must provide for depreciation for the current financial year.c)The company must have no outstanding debts.d)The company's profits should be higher than the previous year's profits.Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of According to the Companies Act, 1956, what conditions must be fulfilled before a company can declare a dividend for a financial year?a)The company must have zero accumulated losses.b)The company must provide for depreciation for the current financial year.c)The company must have no outstanding debts.d)The company's profits should be higher than the previous year's profits.Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice According to the Companies Act, 1956, what conditions must be fulfilled before a company can declare a dividend for a financial year?a)The company must have zero accumulated losses.b)The company must provide for depreciation for the current financial year.c)The company must have no outstanding debts.d)The company's profits should be higher than the previous year's profits.Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice B Com tests.