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

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Originally Posted by miumiutira

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

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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

Quote:

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Originally Posted by paraclete

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

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

Quote:

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Originally Posted by miumiutira

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

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

Quote:

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Originally Posted by paraclete

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

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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

Quote:

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Originally Posted by paraclete

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

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Hey,

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

Regards,
Miu