proposed dividend
This query is : Resolved
25 November 2017
New treatment of proposed dividend in consolidation
25 November 2017
Proposed Dividend or Dividend declared after balance sheet date are not to be shown as liability in current year balance sheet. Instead, It has to be shown as Notes to the Account. This change will effect Final Accounts, Cash Flow, Amalgamation and Internal Reconstruction topics. In simple words, proposed dividend will now not be in balance sheet but in Notes.
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