Basic query in accounting
This query is : Resolved
29 October 2013
Whether below understanding is correct?
“Directors have proposed 15%Dividend for the current year.”
It means 15% Dividend is proposed for shares existing in previous year only..
I will be very much thankful to you.
“Directors have proposed 15%Dividend for the current year.”
It means 15% Dividend is proposed for shares existing in previous year only..
I will be very much thankful to you.
29 October 2013
it means 15% dividend to those shareholders who find mention in the list of shareholders on the cut-off date.
Normally a cut-off date is decided for closure of books for dividend purposes. the shareholders as on that date get dividend.
Normally a cut-off date is decided for closure of books for dividend purposes. the shareholders as on that date get dividend.
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