Double entry for below question.
( Received a $287 cash dividend on the investment in the common shares of Hip Hop Ltd Industries)

## special want to understand the dividend is understand what type of account and in my knowledge, above question I will answer like( Dr cash and CR Hop Ltd Industries) but how about the dividend? I am not so understand the concept. Abit confuse.

Thanks for help

Double entry for below question.
( Received a $287 cash dividend on the investment in the common shares of Hip Hop Ltd Industries)

## special want to understand the dividend is understand what type of account and in my knowledge, above question i will answer like( Dr cash and CR Hop Ltd Industries) but how about the dividend? i am not so understand the concept. abit confuse.

Thanks for help

A dividend is income, a return on investment, you will credit dividends received and debit cash

Hi,

Before this question, I have another question for investment to this company, I record as DR investment - Hip Hop Ltd Industries, CR cash) but I didn't send a special account for Dividend.

So, I have to creak a new account for dividend income?

Thanks and regards,
Miu

a dividend is income, a return on investment, you will credit dividends received and debit cash

O sorry I don't know I can reply from here, I reply by made a new ask.

o sorry i don't know i can reply from here, i reply by made a new ask.

The way this works is we have what we call a thread in which all the comments regarding a particular question are kept together

the way this works is we have what we call a thread in which all the comments regarding a particular question are kept together

Hi,

So my entry actually is like:

Dr investment - Hip Hop Ltd Industries
Cr cash

While received money:
Dr cash
Cr Investment

No you must correctly intrepret what is said to you and change your thinking if necessary

An initial investment in a company would be as you describe but when you receive a return on your investment that is income

Dr cash credit dividend received

If you want to keep a record of dividends received you would handle that differently creating an investment register where you record investments and the dividends you receive

Hi,

Do you mind I show you're the question that I record for investment? Because I know this web is not for homework, but I need to understand the concept through this question.

Let me know if you don't mind to teach.

Thanks and regards,
Michelle

No you must correctly intrepret what is said to you and change your thinking if necessary

an initial investment in a company would be as you describe but when you recieve a return on your investment that is income

dr cash credit dividend recieved

If you want to keep a record of dividends recieved you would handle that differently creating an investment register where you record investments and the dividends you recieve

Hey,

I got what your mean, thank you so so so much.

Regards,
Miu