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According to the Companies Act, 1956, how should a company handle losses incurred in previous financial years before declaring dividends?a)The losses should be ignored if the company has adequate revenue reserves.b)The losses should be set off against current year's profits before declaring dividends.c)The losses should be shared equally among shareholders before declaring dividends.d)The losses should be recovered from the company's debtors before declaring dividends.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 according to the B Com exam syllabus. Information about According to the Companies Act, 1956, how should a company handle losses incurred in previous financial years before declaring dividends?a)The losses should be ignored if the company has adequate revenue reserves.b)The losses should be set off against current year's profits before declaring dividends.c)The losses should be shared equally among shareholders before declaring dividends.d)The losses should be recovered from the company's debtors before declaring dividends.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for According to the Companies Act, 1956, how should a company handle losses incurred in previous financial years before declaring dividends?a)The losses should be ignored if the company has adequate revenue reserves.b)The losses should be set off against current year's profits before declaring dividends.c)The losses should be shared equally among shareholders before declaring dividends.d)The losses should be recovered from the company's debtors before declaring dividends.Correct answer is option 'B'. Can you explain this answer?.

Solutions for According to the Companies Act, 1956, how should a company handle losses incurred in previous financial years before declaring dividends?a)The losses should be ignored if the company has adequate revenue reserves.b)The losses should be set off against current year's profits before declaring dividends.c)The losses should be shared equally among shareholders before declaring dividends.d)The losses should be recovered from the company's debtors before declaring dividends.Correct answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for B Com. Download more important topics, notes, lectures and mock test series for B Com Exam by signing up for free.

Here you can find the meaning of According to the Companies Act, 1956, how should a company handle losses incurred in previous financial years before declaring dividends?a)The losses should be ignored if the company has adequate revenue reserves.b)The losses should be set off against current year's profits before declaring dividends.c)The losses should be shared equally among shareholders before declaring dividends.d)The losses should be recovered from the company's debtors before declaring dividends.Correct answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of According to the Companies Act, 1956, how should a company handle losses incurred in previous financial years before declaring dividends?a)The losses should be ignored if the company has adequate revenue reserves.b)The losses should be set off against current year's profits before declaring dividends.c)The losses should be shared equally among shareholders before declaring dividends.d)The losses should be recovered from the company's debtors before declaring dividends.Correct answer is option 'B'. Can you explain this answer?, a detailed solution for According to the Companies Act, 1956, how should a company handle losses incurred in previous financial years before declaring dividends?a)The losses should be ignored if the company has adequate revenue reserves.b)The losses should be set off against current year's profits before declaring dividends.c)The losses should be shared equally among shareholders before declaring dividends.d)The losses should be recovered from the company's debtors before declaring dividends.Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of According to the Companies Act, 1956, how should a company handle losses incurred in previous financial years before declaring dividends?a)The losses should be ignored if the company has adequate revenue reserves.b)The losses should be set off against current year's profits before declaring dividends.c)The losses should be shared equally among shareholders before declaring dividends.d)The losses should be recovered from the company's debtors before declaring dividends.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, how should a company handle losses incurred in previous financial years before declaring dividends?a)The losses should be ignored if the company has adequate revenue reserves.b)The losses should be set off against current year's profits before declaring dividends.c)The losses should be shared equally among shareholders before declaring dividends.d)The losses should be recovered from the company's debtors before declaring dividends.Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice B Com tests.