example
Opening bal closing bal
Proposed divident 40,000 50,000
unclaimed divident 15,000 6000
Dividend paid Rs49,000.prepare following account.
1.Proposed account
2.Unclaimed divident account
Plz anyone help in solving above..
Menu
Help plz
Replies (1)
This is in the way of accounting entries:
Assumption: Current year's proposed dividend = 50,000
1. Unclaimed dividend a/c Dr. 9000
Proposed dividend a/c Dr. 40,000
To Cash / Bank a/c. Cr. 49,000
2. Retained earnings or P& L A/c Dr. 50,000
To Proposed dividends a/c. cr. 50,000
Recent Topic
- Section 54F exemption for buying a plot
- My client missed to file ITR 3 for AY 25-26
- Subscription/Membership fees
- Inverted tax gst refund
- Mismatch of pincode and district while registering
- Total income less than 12 lakhs but after processi
- Is Getsvision Solutions right for SMTP bulk email
- Queries on Stock/ETF gifting.
- Adding bank account for the deceased for ITR refun
- SALE OF EQUITY ON THE LAST DAY OF THE FY 2024-25 N
Related Topics
CAclubindia
