The 'Dividend' is paid on: MCQ with Answer and Explanation

Question
The 'Dividend' is paid on:
A. Paid-up capital
B. Authorised capital
C. Issued capital
D. Called-up capital
Answer: Option A
Solution (By JKSSB Mock Tests)
Dividend is paid on the paid-up share capital, i.e., the amount actually received from shareholders.
This question belongs to: Accountancy and Statistics Accountancy and Book Keeping
Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Accountancy and Book Keeping Questions

Question #1
The 'Operating Cycle' concept is used to determine:
A. Current asset/liability classification
B. Fixed asset classification
C. Inventory valuation
D. Depreciation method
Discuss
Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option A

Explanation:
An asset/liability is current if expected to be realised/settled within the operating cycle or 12 months, whichever longer.
This question belongs to: Accountancy and Statistics Accountancy and Book Keeping
Question #2
The term 'Matching Concept' requires that:
A. Debits must match credits
B. Assets must match liabilities
C. Expenses must be matched with the revenues they help to generate
D. Income must match expenditure
Discuss
Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option C

Explanation:
The matching concept dictates that expenses incurred in a period must be recognized in the same period as the revenues they helped to generate.
This question belongs to: Accountancy and Statistics Accountancy and Book Keeping
Question #3
The 'Audit Evidence' is more reliable if:
A. Obtained from management
B. Obtained from independent external sources
C. Oral
D. Internally generated
Discuss
Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option B

Explanation:
External evidence is generally more reliable than internal evidence.
This question belongs to: Accountancy and Statistics Accountancy and Book Keeping
Explore All Accountancy and Book Keeping MCQs
Today's Top Topics
Accountancy and Book Keeping 1861 Statistics 1318
Explore Subjects
Accountancy and Statistics 3179 Economy GK 2220 English 15164 Computer 5279 Current Affairs 575
Practice Mix
Which of the following is an indirect tax in India?
The valve between the left atrium and left ventricle is the:
A person faces north. He turns 45° left, then 90° right, then 45° left. Which direction is he facing?
Under the Income Tax Act, the 'TDS' on the sale of an immovable property (other than agricultural land) by a resident is governed by which section, and what is the rate?
In 'Piecemeal Distribution' during dissolution, the first priority for payment of outside liabilities is: