Dividend

This query is : Resolved

Satendra (Querist)
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30 March 2009 Sir,
My Co. want to declare interim dividend. Can you suggest me what entries I have to passed from proposed to payment of dividend.

CA. B.SRINIVASULU (Expert)
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30 March 2009
Profit and Loss appropriation Dr
To dividend payable
(for making provision)

Dividend payable Dr
To bank
(For making payment)

CA Devanshi Gandhi (Ajani) (Expert)
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30 March 2009 at time of provision
P&L appro a/c DR.
To Dividend payable

when paid
Dividend payable a/c Dr.
To bank a/c

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