IN CHAPTER 12 OF IPCC GROUP 1 (ACCOUNTS) WHEN WILL THE DIVIDEND RECEIVED BE ADJUSTED AGAINST COST OF PURCHASE.
N WHEN WILL IT WILL NOT BE ADJUSTED IN COST OF PURCHASE.
PL.HELP A.S.A.P.
THANKS A LOT.
IN CHAPTER 12 OF IPCC GROUP 1 (ACCOUNTS) WHEN WILL THE DIVIDEND RECEIVED BE ADJUSTED AGAINST COST OF PURCHASE.
N WHEN WILL IT WILL NOT BE ADJUSTED IN COST OF PURCHASE.
PL.HELP A.S.A.P.
THANKS A LOT.
it is called pre acquisition dividend. If the dividend relates to the period before the date of purchase then you have to deduct it from the cost of investment.
Suppose you purchased shares on 15-4-2012.
And then you receive dividend for the period 2011-12 then you have to deduct that.
thanks a lot ashish
CAclubindia
