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P2 C1 ACCOUNTING FOR SHERE CAPITAL — Elements of Account STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceElements of AccountP2 C1 ACCOUNTING FOR SHERE CAPITAL1 Mark
Question
Company can give dividend on calls-in-advance? Why?
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Answer

Company cannot give dividend on calls-in-advance as it is not share capital of the company.

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