Regarding financial statement preparation
This query is : Open
08 October 2018
Dear Sir,
Please clarify whether proposed dividend of FY 2017-18 has to be shown in financial statements of FY 2017-18?
Please clarify whether proposed dividend of FY 2017-18 has to be shown in financial statements of FY 2017-18?
08 October 2018
As per the revised Accounting Standard, proposed divided is no longer to be recognised as liability as on Balance Sheet Date.
The same will be accounted when it is approved by the Shareholders in the Annual General Meeting.
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