there was a recent amendmend in AS4 which prescribes to show PROPOSED DIVIDEND as a NOTES TO ACCOUNTS
want to confirm whether it will effect Balance Sheet in any way ?
eg. effect reserve and surplus by way of reducing Appropriation of profit ?
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New treatment of proposed dividend?
Replies (3)
Earlier it didn't affect balance sheet cos its a reduction from reserves and addition to current liability. (I.e, nullifies the impact)
as per revised AS 4 it has to be shown in notes to accounts instead of liability
so my question was that now it should not be adjusted in reserve too !?
so my question was that now it should not be adjusted in reserve too !?
I have uploaded a video on youtube explaining the Amedment of Proposed Dividend and its impact on Consolidated Financial Statement. Below is the link -
https://youtu.be/IlbBnEYC8wU
Please let me know if you have any further queries.
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