Accounts
This query is : Resolved
20 November 2012
Suppose Mr. A purchased 1000 shares of Rs.10 each on 01.06.2012 and company declared interim dividend @10% on 01.01.2013. Will interim dividend received be credited to Investment A/c like pre-acquisition dividend as per AS-13.
If yes..why it will be credited???
If yes..why it will be credited???
20 November 2012
If the interim dividend relates to the period prior to 1.6.2012, then the same will be reduced from the cost of acquisition since it relates to pre-acquisition period.
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