IndigoLearn

Forums

Back

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

765

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