example
Opening bal closing bal
Proposed divident 40,000 50,000
unclaimed divident 15,000 6000
Dividend paid Rs49,000.prepare following account.
1.Proposed account
2.Unclaimed divident account
Plz anyone help in solving above..
Moez Shabbir
(Student)
(25 Points)
Replied 16 March 2013
This is in the way of accounting entries:
Assumption: Current year's proposed dividend = 50,000
1. Unclaimed dividend a/c Dr. 9000
Proposed dividend a/c Dr. 40,000
To Cash / Bank a/c. Cr. 49,000
2. Retained earnings or P& L A/c Dr. 50,000
To Proposed dividends a/c. cr. 50,000
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