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 ?
Earlier it didn't affect balance sheet cos its a reduction from reserves and addition to current liability. (I.e, nullifies the impact)
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.
Vardhaman Group of India
Pimpri Chinchwad
CA Inter
View Details
CMNITY HIRE
New Delhi
Others
View Details
Sri Aurobindo Gnostic Centre of Education
New Delhi
CA
View Details
Karia Overseas
Ahmedabad
CA
View Details
CAclubindia
