As per section 205 (2A) a company is obliged to transfer at least what amount in reserve, if the rate of dividend is more than 20% of the paid up capital?
or
If the proposed dividend is 20% the percentage of profits to be transferred to reserve is:
A. 5%
B. 2.50%
C. 10%
D. 7.50%
Answer: Option C
This Question Belongs to Commerce >> Accounting
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