Anyone tell me proposed dividend entry in the books of company as per latest amendment?
I'm little bit confused.
Menu
Proposed Dividend
Replies (3)
As per the latest amendment, proposed dividend is a contigent liability which is not to be recognised in books of accounts but not adjusted for. Thus, no entry is to be passed for recording proposed dividend.
As per Para 8.5 of AS-4 and Para 12 of Ind AS 10, proposed dividends are to be disclosed via notes to accounts and hence the same are not to be recognized as a liability under Short term provision as before.
Thanku to all of you
Recent Topic
- Composition scheme
- Input tax credit under igst under insurance compan
- ITR Form to be used
- CGAS account Holder Deceased
- ITR form suggestion
- Post office KVP income.
- Free GST invoice tool I built for my practice R
- Clarification on Gratuity Exemption under Section
- GOODS AND SERVICE TAX - GSTR 1
- Correct ITR form
Related Topics
CAclubindia
