Question

The firm was dissolved on 31st March, 2020. On dissolution:
til Bharat promised to pay Mrs. Bharat's loan and took Stock at 20% discount.
(1) Bhushan took half the Investments at 10% discount.
ti) Debtors falling due after 10 months were realised at a discount of 6% p.a.
(iv) Creditors and Bills Payable were due on an average basis of one month after 31st March, 200
but they were paid immediately @ 6% p.a. discount.
X) Fixed Assets realised 37,10,000 and remaining Investments at * 45,000.
(y There was old Furniture in the firm which had been written off completely from the books. It's
Dow estimated to realise * 3,000. It was taken by Bhushan at this price.
Wii) Bharat was assigned the work of dissolution for a remuneration of 5,000. Dissolution expenses
were 3 5,000 which were paid by Bharat.
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Answer 1

Answer:

Dividend refers to a reward, cash or otherwise, that a company gives to its shareholders. Dividends can be issued in various forms, such as cash payment, stocks or any other form. A company's dividend is decided by its board of directors and it requires the shareholders' approval.