Definition of free reserve for interim dividend payment
Querist : Anonymous
free reserve for interim dividend payment
Thanx & regard
Gaurav Tyagi
Provided that : Any amount representing unrealized gains, notional gains or revaluation of assets weather shown as reserves or otherwise shall not be treated as free reserves
Querist : Anonymous
Balance sheet & accounts will be finalised
Brfore conducting AGM or it will be finalised
After AGM because in AGM directors may
Declare the dividend,
Querist : Anonymous
conducting AGam then one question
Arise here..... assume in AGM the directors
Has declared dividend and paid same
Within 30 days..
Pls tell me how the accounting Entry of
Declaring dividend and paid' will be
Pass as accounts has already been
Finalised thereof..
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