HSC Commerce (English Medium) 12th Standard Board Exam - Maharashtra State Board Question Bank Solutions

Select the suitable option for the following.

____________ Dividend declared but not paid/claimed

Answer in one sentence.

State the time within which Unpaid Dividend be transferred to unpaid dividend Account?

Correct the underlined word and rewrite the following sentence.

Dividend is paid to creditors.

Correct the underlined word and rewrite the following sentence.

The Dividend to be paid should be transferred to Dividend A/c within 30 days of its declaration.

Arrange in Proper Order:

1. Transfer to Dividend Account
2. Transfer to IEPF
3. Transfer to Unpaid Dividend Account

Arrange in Proper Order:

1. Decision on Rate of Dividend
2. Transfer to IEPF
3. Payment of Dividend.

Explain the following term/concept.

Unpaid Dividend

Explain the following term/concept.

Unpaid Dividend Account

Justify the following statement.

Dividend is paid out of the profits of the company.

Justify the following statement.

Unpaid dividend cannot be used by the company.

Fixed capital is also referred as circulating capital.

State whether the following statement is true or false.

NSE is the regulator of all stock exchanges in India.

Correct the underlined word and rewrite the following sentence.

Dividend is paid to creditors.

Study the following case/situation and express your opinion.

Apple Company Ltd. is an eligible Public Company. It plans to raise secured deposits from the public. Please advise its Board on the following.

1. Does the company need to get shareholders’ approval for accepting deposits?
2. Does the company have to appoint a Debenture Trustee? 
3. Within what period should the company create a charge on its assets?

Study the following case/situation and express your opinion.

SUN Pvt. Ltd. company wants to raise funds through deposits.

1. Can the company accept deposits from the public?
2. Which document should the company issue to invite deposits? 
3. What is the maximum period for which they can accept deposits

Answer in brief.

Discuss the rules governing unpaid and unclaimed dividend.

Correct the underlined word and rewrite the following sentence:

Depositors are owners of the company.

Explain the following term/concept:

Production Cycle

Justify the following statement:

Unpaid dividends cannot be used by the company.

Write a letter to the Debentureholder regarding payment of interest through an interest warrant.