[PurpleLotus]

Thank you!

[PurpleLotus]

Thank you sir!

[PurpleLotus]

Alright. Thank you for clarifying Sir.

[PurpleLotus]

Thank you Sir.

[PurpleLotus]

Yes I have… that’s why this confused me. Thank you Sir.

[PurpleLotus]

Sir, it is from BPP’s revision kit mock 3:
An ordinary dividend is declared prior to the year end. Identify, by selecting the correct box in the table below, what the accounting treatment relating to the ordinary dividend in the financial statements is.

Dr Cr No effect

Share Capital (SOFP)
Retained Earnings (SOFP)
Finance Cost (SPL)
Dividend Payable (SOFP)

Answer:
No effect
Dr
Cr
Cr

[PurpleLotus]

Thanks Sir!

[PurpleLotus]

thank you Sir!

[PurpleLotus]

Thank you sir!

[PurpleLotus]

Thank you sir! ? This was really confusing. It is from the BPP revision kit.

[PurpleLotus]

Thank you!

[PurpleLotus]

sorry posted to the wrong place

[PurpleLotus]

Sorry I don’t 🙁 Thank you though

[Author]

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