Dividend
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 June 2010
Please tell me if a company pay dividend rs.50000/-to its shareholder then what would be the journal entry, should it be shown in profit and loss account as expense, please tell me all about the this expense
CA. B.SRINIVASULU
(Expert)
01 June 2010
This is not an expense. It is pay out from profit. You have to debit Profit and Loss appropriation and credit dividend payable at the time of provisioning and at the time of payment dividend payable to bank should be the entry.
ca dipti sharma
(Expert)
01 June 2010
Agree with the Expert.
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