Dividend

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February 22, 2018 at 8:10 pm #438453
miracle657
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Sir, declared dividend is a current liability in SOFP and it is deducted from retained earnings i SOCIE..Am i right? One more question If it is declared after reporting date do we need any adjustment?
February 23, 2018 at 8:05 am #438518
John Moffat
Keymaster
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Yes – you are right.

If it is declared after the reporting date then it only appears in the statements for the year in which it is declared (not the year to which it relates).
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