Practicing Success

Target Exam

CUET

Subject

Accountancy

Chapter

Cash Flow Statement

Question:

A company has its 15% Preference Share Capital of Rs 2,00,000 on 31 march 2021 and Rs 3,00,000 as on 31 march 2022. How much amount will be paid as Dividend while preparing cash flow for the year 2021-22?

Options:

₹1,00,000

₹45,000

₹30,000

₹75,000

Correct Answer:

₹30,000

Explanation:

Dividend is given on opening balance = 15% of 2,00,000 = ₹30,000