2013年10月9日星期三

What is the journal entry to declare a dividend? 10 POINTS!!!!?

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Dividend has to be paid only out of profits. it is an appropriation out of profits after determining current year profits.


the journal entry would


Profit and Loss (Appropriation) A/c Dr.

To Proposed Dividend A/c .

What is the journal entry to declare a dividend? 10 POINTS!!!!?

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