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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, 200but 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'sDow 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 expenseswere 3 5,000 which were paid by Bharat. |
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Answer» 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. |
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