Accounting entry
This query is : Resolved
23 May 2014
Dear Sir,
Can anyone help me on what will be the accounting treatment of Dividend on right shares and Dividend on Bonus shares.
Can anyone help me on what will be the accounting treatment of Dividend on right shares and Dividend on Bonus shares.
23 May 2014
you can book entry as dividend of shares .
shares are shares company not taking diff. ledger for right and bonus shares.
accumulated profit a/c
to dividend payable to shareholder a/c
to dividend tax payable a/c
divided payable to shareholder a/c
dividend tax payable a/c
to bank a/c
shares are shares company not taking diff. ledger for right and bonus shares.
accumulated profit a/c
to dividend payable to shareholder a/c
to dividend tax payable a/c
divided payable to shareholder a/c
dividend tax payable a/c
to bank a/c
23 May 2014
Dear Sir,
Thanks for the reply, but I wanted to know the accounting effect in the books of recipient of dividend, not the payer.
Thanks for the reply, but I wanted to know the accounting effect in the books of recipient of dividend, not the payer.
23 May 2014
There is no difference in getting dividend from Bonus Shares/ Right shares.
Theentry will be:
Bank A/c ---------------------------Dr
TDS Receivable A/c)If applicable)---Dr
To. Dividend Income
Theentry will be:
Bank A/c ---------------------------Dr
TDS Receivable A/c)If applicable)---Dr
To. Dividend Income
23 May 2014
Thanks for the reply
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