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. - Accountancy MCQ CUET Accountancy 2023 11 June Shift 3 2026 | ExamTest.live

mediumMCQCUET Accountancy 2023 11 June Shift 32026Accountancy

1 mark

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 .

Solution & Step-by-step Explanation

1. The proposed dividend of the previous year (as on 31st March 2021) is approved and paid out in the current year: Previous Year Proposed Dividend Paid = Rs. 40, 000 Calculate Interim Dividend paid during the current year: Interim Dividend = 20% of 4, 00, 000 = Rs. 80, 000 Total Dividend Paid during the financial period: Total Dividend Paid = 40, 000 + 80, 000 = Rs. 1, 20, 000

Try it yourself before checking the explanation above.

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 .

Rs. 1, 40, 000

Rs. 1, 20, 000

Rs. 1, 40, 000

Rs. 1, 00, 000

Practice with timed mock tests and track your performance across Accountancy.