Calculate the amount of Dividend paid during the year 2022 from the following information : Balance of Proposed Dividend as on 31st March, 2021 was Rs. 40,000 and on 31st March, 2022 Rs. 60,000. Interim Dividend was paid @20% on share capital. Share capital was Rs. 4,00,000.

Question

Option 1: Rs. 1,40,000

Option 2: Rs. 1,20,000

Option 3: Rs. 1,40,000

Option 4: Rs. 1,00,000

AfterBoards · Accepted Answer

The answer is 'Rs. 1,20,000'. View full solution:

CUET Accountancy 2023 11 June Shift 3 PYQs

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