Audit of hp

616 views 2 replies

How is unpaid installments (due) to the hire vendor disclosed in Balance sheet?

Don't we have to state the fixed asset at full value in the b/s even if not paid?!

Also, if once the dividends are declared in meeting can they be revertred back in agm coz of insufficient profits?

Replies (2)
unpaid installments will be shown at the liability side of bal. sheet and fixed asset is always shown at historical cost. as per my opinion dividend once declared by the company in its AGM can not be reverted back due to insufficiency of profits.

Actually i wanna know "under which head the undue installments will be classified" in liabilities side?


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Related Topics
Loading
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
16 June 2026
Sr. Associate / Assistant Manager | TAS / FDD

Boutique Investment Bank & Transaction Advisory Firm

Gurgaon

CA

View Details
Company
20 June 2026
Assistant Accounts Manager

Fintax Professionals

Gurgaon

CA Inter

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details