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    danish43's Avatar
    danish43 Posts: 1, Reputation: 1
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    #1

    Mar 6, 2012, 12:07 AM
    Dividend payable journal entry?
    Dividend diya hai director ko entry kia hogai?

    Retained earning
    Dividend payable

    Right yeah wrong?
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
    Ultra Member
    		  
    #2

    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
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