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Dividend

Accountancy

Dividend is declared only on the profit earned DURING the year, right? Or will it be declared on opening balance of P&L as well?

Ali S

CA Final

★ 8K+

05-Jul-21 08:53

530

Answers (2)

Best Answer

Opening as well as current

CA Suraj Lakhotia

Admin

05-Jul-21 08:58

Dividend can distribute out of the current year profits or previous years profits or free reserves or money provided by cg/ sg but dividend can never be paid out of capital profits of the company

Saiprathap reddy Venna

CA Inter

★ 9K+

05-Jul-21 09:01

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