Kindly help we with treatment of unclamed dividend
Propased dividend 2019-25000
2020-30000
Unclamed dividend 2019-10000
2020-12000
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Cash flow statment
Replies (4)
Unclaimed Dividend should be deducted from the amount of Proposed Dividend Paid because it represents that amount of Dividend which is not yet paid in financing activities. Proposed dividend should be included in financing activities when paid
As per Section 124 of Companies Act, 2013 and rules made there under ("the Act"), where a dividend has been declared by a company but has not been paid or claimed within thirty days from the date of the declaration to any shareholder entitled to the payment of the dividend.
Unclaimed Dividend is to be reduced from propose Dividend , and remaining propose Divided will be included in Financing activity in cash flow statement after approval and payment.
Yes financing activities and investing activities when received. What will happen after 30 days if no one claims it?
Dr. Proposed dividends
Cr. Accumulated dividends (retained earnings or reserves or payables)? If it is payables, it will also be shown in operating cash flows. I mean the difference of increase or decrease.
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