Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.

CCS asked in 商業及金融稅金香港 · 1 decade ago

chart of account

要入以下adjustment

An interim dividend was paid during the year

Dr. Dividend declared

Cr. Shareholder

請問Dividend declared在chart of account是邊個類型(Current liabilities, Equity..)

2 Answers

Rating
  • 1 decade ago
    Favorite Answer

    When an interim dividend is paid, the entries should be Dr. Dividend - Interim ( In Profit and Loss Appropriation Account or Equity Account in the ( Balance Sheet ) Statement of Financial Position and Cr. Bank. If not paid but declared, then Dr. Dividend - Interim Cr. Dividend Payable, a liability. It is an error to credit or debit shareholders direct for dividend.

Still have questions? Get your answers by asking now.