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-   -   Recording of cash dividend (https://www.askmehelpdesk.com/showthread.php?t=406735)

  • Oct 16, 2009, 04:11 PM
    aussie101
    Recording of cash dividend
    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?
  • Oct 16, 2009, 09:44 PM
    morgaine300

    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.

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