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Dividend payable journal entry?
danish43
Mar 6, 2012, 12:07 AM
Dividend diya hai director ko entry kia hogai?
Retained earning
Dividend payable
Right yeah wrong?
pready
Mar 6, 2012, 07:20 AM
For dividends declared the journal entry will be:
Debit Dividends for the amount of dividends
Credit Dividends Payable for the same amount