Capital conservation: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Create the page. Source: ACT syllabus.) |
imported>Doug Williamson (Link with Capital and Dividend pages.) |
||
| Line 1: | Line 1: | ||
The company law principle that capital should be conserved for the protection of creditors. For example, dividends can only legally be paid out of retained profits, not out of capital. | The company law principle that capital should be conserved for the protection of creditors. For example, dividends can only legally be paid out of retained profits, not out of capital. | ||
== See also == | |||
*[[Capital]] | |||
*[[Dividend]] | |||
