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Proposed Dividend

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Proposed Dividend

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  • September 22, 2017 at 12:40 pm #408340
    Avatarroyalringo
    Member
    • Topics: 24
    • Replies: 5
    • ☆

    Hello. What to do with the following situation in CSOFP? What is the double entry and how should we record in CSOFP?

    (The proposed dividends have not yet been recorded in the books of the shareholding companies as dividends receivables).

    September 24, 2017 at 9:26 pm #408538
    AvatarP2-D2
    Keymaster
    • Topics: 4
    • Replies: 7232
    • ☆☆☆☆☆

    Hi,

    Proposed dividends are disclosed in the notes, they aren’t recognised until declared as then the obligation exists.

    Thanks

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