Corporate Accounting MCQ: If rate of proposed dividend is less than 10% of paid up capital, the rate of profit transferred to Reserve shall be………..

If rate of proposed dividend is less than 10% of paid up capital, the rate of profit transferred to Reserve shall be………..

Correct Answer: Nil

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Corporate Accounting MCQ: If rate of proposed dividend is less than 10% of paid up capital, the rate of profit transferred to Reserve shall be……….. | Extra Education