Question

Yash Ltd. has only one type of capital, viz., 40.000 equity shares of 100 each. It also has got reserves totalling ₹ 20,00,000. The company closes its books on 31st March each year. It has paid dividends @ of 12.5% upto 2011-12 and 15% thereafter. In 2014-15, the company suffered a loss of 2,50,000; therefore, it wishes to draw required amount out of the reserves to pay dividend at 12%. Advise the company.

Answer 1

Answer:

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Answer 2

Answer:

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Explanation:

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