Asavari Palekar (Private Company) (31 Points)
27 May 2017
Rahul Shah
(Assistant Chartered Accountant)
(196 Points)
Replied 27 May 2017
Under the Companies act 2013 Dividend should be shown under Reserve & Surplus schedule to be reduced from Previous Year Profits.
Asavari Palekar
(Private Company)
(31 Points)
Replied 27 May 2017
hi, thanks! In this case, it will not reflect in the P&L?
Rahul Shah
(Assistant Chartered Accountant)
(196 Points)
Replied 29 May 2017
No,it is appropriation of income.
Register Experts
(CA)
(82 Points)
Replied 30 May 2017
Under the Companies act 2013 Dividend should be shown under Reserve & Surplus schedule to be reduced from Previous Year Profits.
CAclubindia
