Forums

Back

Illustration -1

Accountancy

In the ICAI books In the notes to account there is no other current liability in the balance sheet because they don't take the final dividend in Reserve and Surplus. for why? but in our classes you show the final dividend both other current liabilities and reserve and surplus. which method should followed sir? Video Details ------------- P1 - Advanced Accounting - Without AS Preparation of Financial Statements #14. Illustration 1 - Part 2


bharathipriya

bharathipriya

CA Inter

3K+

30-Dec-24 20:11

113

Answers (2)

Check date of declaration. If declared after balance sheet no adjustment.


CA Suraj Lakhotia

CA Suraj Lakhotia

Admin

30-Dec-24 20:13

Your Reply