What is the treatment requirement for revenue dividend received by the minority ?

CS Executive · Corporate and Management Accounting · PYQS · June 2023
What is the treatment requirement for revenue dividend received by the minority ?
(A) To be credited to Profit & Loss A/C
(B) To be debited to Profit & Loss A/C
(C) To be added in Revenue reserves in the Balance Sheet
(D) No treatment

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Corporate Accounting

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