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CBSE Class 11-commerce Answered

‘Provision cannot be used for dividend distribution.’ Why?
Asked by Topperlearning User | 08 Aug, 2016, 12:58: PM
answered-by-expert Expert Answer

Provision is charge against profit. It is created to meet specific liabilities or contingencies. Therefore, It cannot be utilised for dividend distribution.

Answered by | 08 Aug, 2016, 02:58: PM
CBSE 11-commerce - Accountancy Part I
Asked by Topperlearning User | 04 Jul, 2016, 08:16: AM
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CBSE 11-commerce - Accountancy Part I
Asked by Topperlearning User | 08 Aug, 2016, 01:00: PM
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CBSE 11-commerce - Accountancy Part I
Asked by Topperlearning User | 08 Aug, 2016, 01:16: PM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 11-commerce - Accountancy Part I
Asked by Topperlearning User | 08 Aug, 2016, 12:58: PM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 11-commerce - Accountancy Part I
Asked by Topperlearning User | 08 Aug, 2016, 12:58: PM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 11-commerce - Accountancy Part I
Asked by Topperlearning User | 08 Aug, 2016, 12:58: PM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 11-commerce - Accountancy Part I
Asked by Topperlearning User | 08 Aug, 2016, 12:58: PM
ANSWERED BY EXPERT ANSWERED BY EXPERT
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