B.Com 3rd Year Auditing Online Test

27. Interim dividend is declared by –

26. Dividend cannot be paid out of –

25. The general rule is that no company can pay –

24. Dividend –

23. Dividend is given to –

22. Interest is paid on unpaid amount of dividend –

21. In which condition dividend assumed to be distributed out of capital –

20. Distribution of dividend by undisclosing the liabilities is termed as

19. After re-issuing of forfeited shares, balance amount of forfeited A/c is transferred in –

18. Which of the following can not be distributed as dividend –

17. Profit prior to incorporation is treated as –

16. Capital profits can be utilised in –

15. Profit on sale of fixed assets is –

14. Premium received issue of shares and debentures is –

13. Profit arise due to trading activities are termed as –

12. Profit arises due to non-trading activities are termed as –

11. Which of the following table should be followed regarding dividend –

10. What is the duration of punishment for an accused authority when dividend is not paid within the prescribed time prescribed time –

9. Within how many days dividend must be paid after its declaration –

8. A company has earned profits and declared dividends, but does not want to pay dividends due to shortage of cash, an auditor you should suggest, if asked that –

7. Dividend can never be paid out of the –

6. Dividend can be paid in –

5. Maximum amount that can be transferred to Reserve after making provision for depreciation is –

4. According to which section of Companies Act, dividend can be distributed after making provision for depreciation –

3. Which section of Companies Act is related with divisible profits –

2. Which of the following should be considered while determining divisible profit –

1. Divisible profit means –