Treatment of certain items in revised schedule 6

if cum. pref.share then even question is silent  propsed dividend should be made.

for interim dividend , entry should be made as follows-

Interim dividend a/c     Dr

CDT                  a/c     Dr

    To bank          a/c        

(being interim dividend paid)

Note-Interim Dividend is paid for the period.(eg-4 month , 6 month,7 month etc)

Profit and loss a/c Dr 

   To Interim dividend a/c

   To CDT                    a/c

(beinf amt transfer to P&L a/c)

> for final dividend proposed -

Note- It is declear for whole year,entry should be made as follows

Profit and loss a/c Dr

 To Proposed Dividend a/c 

  (Being dividend proposed)

> For Fixed Assets -It should be shown as follows 

     fixed assets gross block   xxx

   less Accum.Depreciation    xxx

  Net block                           --------------

                                               xxx