Payment of Dividend on Cumulative Preference Shares
This query is : Resolved
30 October 2010
Our company has issued 4% Cumulative Preference Shares but in current year we have inccured loss so we can not pay dividend in the current F.Y.
My question is that as the Preference Shares are Cumulative whether we need to make provisions in our current years books for the dividend to be paid in future.
My question is that as the Preference Shares are Cumulative whether we need to make provisions in our current years books for the dividend to be paid in future.
30 October 2010
Dividend is appropriation of profit and cannot be said provision.provision is done only for expenditure and losses and dividend is not the same.
According to me, u r not required to make any provision in the books and mere required to disclose in notes to accounts that dividend is cumalted
According to me, u r not required to make any provision in the books and mere required to disclose in notes to accounts that dividend is cumalted
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Off Market debit and credit transaction
- Showing Gift from relative in ITR for this year
- Short Term Capital gain on shares bought and sold after 2018 onwards
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR selection for salaries and capital gain less than L
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- Soyabean hsn code and gst rate
- Treatment of Pension ?annuity returns on PMVY
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Regarding IMS Mandatory from 1st July 2026
- Interest on SCSS
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
