Dividend
This query is : Resolved
01 October 2009
How to deal with interim dividend and final dividend while dealing with CFS?
10 November 2009
Hi Kanika,
In Individual financial statements Interim dividend paid will appear on Dr. side of P/L appropriation A/c whereas the same will appear as Dividend received in holding co's books. Inter group transactions(dividend paid by the s Ltd. and received by H Ltd.) will be eliminated in CFS. and that paid to outsider will be shown on Dr. side of Con. P/L appropriation A/c.
In Consolidated Balance Sheet Final dividend payable by the holding co. will appear on the liability side of the balance sheet as provisions under the head Current liabilities and provisions whereas that of the s Ltd. will be split into two parts - payable to H Ltd and Payable to minority shareholders. payable to H Ltd in the books of S Ltd. will appear as receivale from S Ltd. in the books of H Ltd. And both will be eliminated in consolidated Balance Sheet being inter group transactions whereas that payable to minority shareholders will be added to minority interest.
In Individual financial statements Interim dividend paid will appear on Dr. side of P/L appropriation A/c whereas the same will appear as Dividend received in holding co's books. Inter group transactions(dividend paid by the s Ltd. and received by H Ltd.) will be eliminated in CFS. and that paid to outsider will be shown on Dr. side of Con. P/L appropriation A/c.
In Consolidated Balance Sheet Final dividend payable by the holding co. will appear on the liability side of the balance sheet as provisions under the head Current liabilities and provisions whereas that of the s Ltd. will be split into two parts - payable to H Ltd and Payable to minority shareholders. payable to H Ltd in the books of S Ltd. will appear as receivale from S Ltd. in the books of H Ltd. And both will be eliminated in consolidated Balance Sheet being inter group transactions whereas that payable to minority shareholders will be added to minority interest.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- TDS U/S. 194NF
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- Capital gain consideration
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
Trending Online Classes
CAclubindia
