Advertisements
Advertisements
Question
Explain the following term/concept.
Unpaid Dividend Account
Solution
Entire amount of dividend which remains unpaid/unclaimed should be transferred to ‘Unpaid Dividend Account’ opened in a scheduled Bank by the company. The company should transfer this amount within 37 days from the declaration of dividend.
APPEARS IN
RELATED QUESTIONS
Select the correct answer from the options given below and rewrite the statement.
IEPF is created by ______________ where unpaid dividend is transferred by company.
Find the odd one.
Complete the sentence.
Dividend must be paid in______.
Complete the sentence.
Dividend cannot be paid out of ______.
Select the suitable option for the following.
____________ Dividend declared but not paid/claimed
Answer in one sentence.
State the time within which Unpaid Dividend be transferred to unpaid dividend Account?
Correct the underlined word and rewrite the following sentence.
Dividend is paid to creditors.
Correct the underlined word and rewrite the following sentence.
The Dividend to be paid should be transferred to Dividend A/c within 30 days of its declaration.
Arrange in Proper Order:
- Transfer to Dividend Account
- Transfer to IEPF
- Transfer to Unpaid Dividend Account
Arrange in Proper Order:
- Decision on Rate of Dividend
- Transfer to IEPF
- Payment of Dividend.
Justify the following statement.
Dividend is paid out of profits of the company.
Correct the underlined word and rewrite the following sentence.
Dividend is paid to creditors.
Answer in brief.
Discuss the rules governing unpaid and unclaimed dividend.
Justify the following statement:
Unpaid dividends cannot be used by the company.
Unpaid/unclaimed dividends shall be transferred to Investor Education and Protection fund on expiry of ______ years.
Justify the following statement.
Unpaid/Unclaimed Dividend is governed by some rules.
