Correct Answer is : Is payable before the payment of any dividend on shares

Is payable only in case of profits

Accumulates in case of losses or inadequate profits

Is payable after the payment of preference dividend but before the payment of equitydividend

Is payable before the payment of any dividend on shares

CA CPT 2016 June Question Paper Fundamentals of Accounting for online practice

Question : 59 of 60

Marks: +1, -0

Debenture interest:

Is payable only in case of profits
Accumulates in case of losses or inadequate profits
Is payable after the payment of preference dividend but before the payment of equitydividend
Is payable before the payment of any dividend on shares

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