Internal Reconstruction

Accountancy

Why have we not provided journal entry for arrears of preference dividend? (Point iii)

Sagar Kathuria

CA Final

★ 3K+

25-Nov-24 19:01

1K+

Answers (2)

Best Answer

If the question states that arrears of preference dividend is payable, then you need to pass an entry for the same.

CA Suraj Lakhotia

Admin

25-Nov-24 20:27

If arrears of preference dividend is not shown in the balance sheet, we don't need to pass an entry for its cancellation

Vishnu Muraleedharan

CA Final

★ 32K+

25-Nov-24 20:06