Dividend proposed is not approved in AGM. Do we need to revise accounts? What are the legal provisions?
1 Replies
Giridhar S Karandikar
(Team Lead)
(7548 Points)
Replied 12 July 2012
No need to revise the accounts. It is just an provision. As dividend is not declared in AGM, the provision can be written back to P&L Appropriation A/c
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