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Final accounts of company
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Treatment of proposed dividend shown in trial balance of company 1.Deducted from reserve or 2.shown as other current liability
Answers (10)
roshini reddy
It will showed under the heading of provisions in the balance sheet in liability side.
I think that change due to amendment now it will show in other liability
Thread Starter
Manu SharmaI think that change due to amendment now it will show in other liability
Depends on the date if it approved in AGM then it will go other current liabilities if its before approval then we will show in provisions
roshini reddy
Depends on the date if it approved in AGM then it will go other current liabilities if its before approval then we will show in provisions
I think before approval it's show as note to accounts "contingent liability" correct me if I am wrong
Abhishek Purohit
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Thank you , can you please clarify if proposed dividend show in trial balance then what we do ?
Thread Starter
Manu SharmaThank you , can you please clarify if proposed dividend show in trial balance then what we do ?
How can a proposed dividend be shown in trial balance?
Abhishek Purohit
How can a proposed dividend be shown in trial balance?
Yes it's not shown in trial balance but what if it's given in trial balance like sometime closing stock is given in trial balance
Abhishek Purohit
Can u share such example
I don't find one but they are give in cash flow question . I think it has same treatment as intrem divided
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