Dividend is payable every year irrespective of profits made by company.
Q.1 (C) (3) Dividend is payable every year irrespective of profits made by company.
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Answer: Interest is payable every year irrespective of profits made by company.
Interest on debentures and deposits is a charge on profit and must be paid even if there is a loss. Dividend is an appropriation of profit and is paid only when there are profits and it is declared.
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· 28 Oct 2026
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