Rs. 5000 received as divided by cheque no.156201 of axis bank ,the cheque deposited into icici bank.
What voucher entry should I pass intally?
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Journal entry
Replies (11)
Axis Bank Dr To Dividend Received
Icici bank dr to dividend received.
DEAR SIR, ,,,,,,,,,,,,
Dr :icici Bank ,,,,,,,,,,Cr : divided received
Why Axis will be Dr. ?
| Originally posted by : Studentsca | ||
 |
Icici bank dr to dividend received. |  |
ICICI Bank Dr To Dividend
I'm sorry I didn't read it properly.
it's ICICI Bank Dr To Dividend Received
The dividend received by you is deposited in your ICICI bank account. Than entry will be
ICICI Bank A/c Dr
To Dividend A/c
The dividend received by you is deposited in your ICICI bank account. Than entry will be
ICICI Bank A/c Dr
To Dividend A/c
There are only six entries in accounts
1 : Dr - the Receiver
2. : Cr - the Giver
3. : Dr - what comes in
4. : Cr - what goes out
5. : Dr. - expense /loss
6. : Cr - Profit/Gain
in the given instance : ICICI is the reciver and Dividend is income. Is there any doubt now ?
In general there is no seventh entry I have come across during my carrier of 30 years in accounts. "Substance shall rule out the Form"
No more doubts now thanks to all
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