Proposed dividend

The present case is as follows:

The directors have proposed a dividend of say Rs. X and the accounts are signed by the management and the auditors have also issued their opinion on the same and signed it.

The same has been circulated to the shareholders but the SH have not approved the dividend.

The question here is :

What accounting entry will be passed in respect of the proposed dividend in the next year?

There will be no entries required in the current year is my opinion.