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.
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)
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
P&L appro a/c DR.
To Dividend payable
when paid
Dividend payable a/c Dr.
To bank a/c
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