Auditing and Assurance revision question and answer

Auditing and Assurance Revision Questions and Answers

Dividend @10% for the year 2059/60 has been proposed the company on Shrawan 30, 2060 (i.e. after the balance sheet date) and therefore not adjusted in the financial statement of 2059/60.

If dividend is proposed or declared after the balance sheet date, the enterprise should not recognize it as a liability at the balance sheet date. For this only disclosure should be made either on the face of the balance sheet or in the notes to the financial statements.

(Visited 31 times, 1 visits today)
Share this on:

Leave a Reply

Your email address will not be published.