query on basic accounting
This query is : Resolved
pavankumar
(Querist)
13 June 2013
Hypothetical Situation
Balance sheet as on ....
Equity & Liabilities Rs Assets Rs
Share capital
60005%Cum.Pref.shares 6,00,000
of Rs 100each fully paid
xxxxxxx xxxxxx
In the above context
Q1)Do we have to pay Preference Dividend?
Q2)What Additional information is required in problem which will make us sure that we have to pay Arrears of preference Dividend?
Please guide me for above two questions.
Balance sheet as on ....
Equity & Liabilities Rs Assets Rs
Share capital
60005%Cum.Pref.shares 6,00,000
of Rs 100each fully paid
xxxxxxx xxxxxx
In the above context
Q1)Do we have to pay Preference Dividend?
Q2)What Additional information is required in problem which will make us sure that we have to pay Arrears of preference Dividend?
Please guide me for above two questions.
CA Suraj Lakhotia
(Expert)
13 June 2013
Preference dividend is to be paid.
As far as arrears of dividend is concerned, the same would be mentioned in the question.
As far as arrears of dividend is concerned, the same would be mentioned in the question.
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