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Journal entry of dividend declaration

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Querist : Anonymous

Querist : Anonymous (Querist)

15 May 2016 Dear Experts,
As per rule dividend used to declare
By board of directors in AGM by way of
Finalised accounts... ny query is... assume
before declaration of dividend the net
profit is 1 crore and later this finalised
Accounts was represent in AGM however
The directors has declared Rs. 2 Lakh
Dividend and paid the same to share
Holders.. pls let me know how the
Accounting entry of declaring dividend
And paid the same will be done as the
Accounts has already been finalised
Thereof..

Thanx & Regard
Akhil Gautam

SANTOSH SAGAR K

SANTOSH SAGAR K (Expert)

15 May 2016 Journal entry for proposed dividend to be passed before finalisation of accounts

Querist : Anonymous

Querist : Anonymous (Querist)

16 May 2016 Sir.. who will propose the dividend before
Agm as far as my knowledge is concern...
I think proposed dividend and dividend
Declaration is the same and the same
will be declare in AGM by board of directors

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