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Byju's Answer
Standard XII
Accountancy
Oversubscription of Debentures
Write a word/...
Question
Write a word/term/phrase which can substitute the following statements:
Dividend declared by company between two annual general meetings.
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Solution
Dividend declared by company between two annual general meetings is called as Interim Dividend.
An interim
dividend
is a distribution to
shareholders
before a
company
has determined its full years profits.
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