Dividend on Cumulative Redeemable Preference Shares
This query is : Resolved
30 July 2010
Pl provide me the solution for the under querry:-
The co has issued 4% Cumulative Redeemable Preference Shares. Now in 2009-10, the co is in loss so dividend on Cum Re Pref. Shares has to be carry forward till the profit of the co.
I want to know whether any entyr is to be passed in current year book in spite of loss or it is to be shown as contingent liability till the profit.
Kindly provide me the solution.
Thanks
The co has issued 4% Cumulative Redeemable Preference Shares. Now in 2009-10, the co is in loss so dividend on Cum Re Pref. Shares has to be carry forward till the profit of the co.
I want to know whether any entyr is to be passed in current year book in spite of loss or it is to be shown as contingent liability till the profit.
Kindly provide me the solution.
Thanks
30 July 2010
no entry... it would be contingent liability til the amount is paid
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
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- ITC temporary reversal and reclaim
- TDS U/S. 194NF
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Applicable TDS rate for sale of property in Nov 2024
- GST ON EXPORT COMMISSION
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
