02 June 2010
suppose a company pay dividend Rs,10000/-, and company received the dividend from its investment if all books of account are in tally9 then kindly tell me all entry posting, also tell me the ledger head of dividend paid in tally9
02 June 2010
Create ledger account: Dividend expenditure under Reserves & surplus head. Divident payable under current liabilities head Dividend income under indirect income.
When the dividend is payable:
Dividend expenditure a/c Dr Divident payable a/c Cr.
When the divident is paid: Dividend payable a/c Dr. Bank A/c Cr
When the dividend received: Bank a/c Divident income a/c
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