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Dividends paid
How to pass journal entries for dividend paid out of last year profits
Replies (2)
Quick Summary
If Dividend paid through Bank , Pass entry
Dividend. A/c Dr
To Bank. A/c Cr
( Dividend paid to Shareholder ) .
Dividend. A/c Dr
To Bank. A/c Cr
( Dividend paid to Shareholder ) .
Divided
To Cash/Bank
Reatined Earnings
To Dividend
To Cash/Bank
Reatined Earnings
To Dividend
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