Log in

View Full Version : Recording of cash dividend


aussie101
Oct 16, 2009, 04:11 PM
Okay the question is declared a cash dividend of $3500 Dividend will not be paid until next month.

Which journal do I post that in special journal or a general journal?

morgaine300
Oct 16, 2009, 09:44 PM
Most likely the general journal. There aren't any rules about what the special journals have to be -- companies can actually make these any way they like. However, based on what is "typically" done in textbooks, there would be no special journal that would fit declaring a dividend.