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    pearlanns's Avatar
    pearlanns Posts: 1, Reputation: 1
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    #1

    May 21, 2008, 03:42 AM
    Dividends accounting entries
    Can anyone tell me the correct accounting entries for dividends paid within a privately owned ltd company and specifically how the 10% Tax is dealt with?:confused:
    delite's Avatar
    delite Posts: 202, Reputation: 3
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    #2

    May 21, 2008, 09:05 PM
    Set up a liability to pay dividends out of current year earnings. When paymnt is made credit cash/ dr. dividend payable
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