Dividend


This query is : Resolved 

30 March 2009 Sir,
My Co. want to declare interim dividend. Can you suggest me what entries I have to passed from proposed to payment of dividend.

30 March 2009
Profit and Loss appropriation Dr
To dividend payable
(for making provision)


Dividend payable Dr
To bank
(For making payment)

30 March 2009 at time of provision
P&L appro a/c DR.
To Dividend payable

when paid
Dividend payable a/c Dr.
To bank a/c


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