dividend entry in tally

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Querist : Anonymous

Querist : Anonymous (Querist)

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

CA Ravi Kumar Murugesh

CA Ravi Kumar Murugesh (Expert)
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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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