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how to account for unclaimed dividends that are cancelled or forfeited

asked Feb 27, 2016 in IAS 10 - Events After the Reporting Period by anonymous

Dividends declared a number of years ago and not claimed are forfeited in accordance with bye lays of company. Should this be credited back to equity ?

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answered Feb 27, 2016 by Tina Level 5 Member (11.6k points)

Yes you can credit back to retained earning/revenue reserves.

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