Dividend and interim dividend

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

18 May 2016 Dear Experts,
Plz tell me weather dividend and
interim dividend is same or difference
If difference what..

Regard
Shivam jha

CA Shubhang Goyal

CA Shubhang Goyal (Expert)
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18 May 2016 Both are different.

Dividend is also to be called "final dividend" declared and calculated on determination of profitability and financial position of the company at the end of the year while Interim dividend is paid during the running financial year from undistributed profits.

Querist : Anonymous

Querist : Anonymous (Querist)

18 May 2016 Sir in AGM weather final dividend will be declare
Before finalization of accounts or after
finalization of accounts,

CA Shubhang Goyal

CA Shubhang Goyal (Expert)
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18 May 2016 Final dividend is always paid after finalization of accounts.

Declaring dividend is an ordinary business to be discussed at AGM which is generally accepted by shareholders at the meeting.Final dividend is proposed by Board of directors and cannot be more than recommendation provided in Director's report which is in accordance with articles of association.

Querist : Anonymous

Querist : Anonymous (Querist)

18 May 2016 Sir.... you have advised final dividend
is always paid after finalized accounts,

If dividend will be paid after finalized
The accounts in that case how the
accounting entry of dividend payment
Will be pass in finalized accounts,