Would the proposed dividend after balance sheet date disclosed in the financial statement
please tell in detail effect of proposed dividend before and after approval of accounts
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accounting standard 4
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The proposed Dividend after the Balance Sheet would be disclosed in the report of the approving authority (Board's Report).
As per Revised AS 4 , the liability to pay dividend arises only once the same is declared at an AGM. Hence dividends proposed by the Board will no longer form part of the Balance Sheet.
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