Audit of hp

Udhins (Chartered Accountant) (113 Points)

19 October 2009  

How is unpaid installments (due) to the hire vendor disclosed in Balance sheet?

Don't we have to state the fixed asset at full value in the b/s even if not paid?!

Also, if once the dividends are declared in meeting can they be revertred back in agm coz of insufficient profits?