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Dividends

This topic has 1 reply, 2 voices, and was last updated 7 years ago by P2-D2.

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May 1, 2017 at 9:07 am #384420
desigirl
Member
- Topics: 16
- Replies: 3
Hi sir,
May I know the double entries for dividends received and dividends paid?Does they have effect on the p/l?thank you!
May 1, 2017 at 8:14 pm #384505
P2-D2
Keymaster
- Topics: 4
- Replies: 7065
Hi,
Dividends paid:
DR Retained earnings (SOCE)
CR Bank/Payable
Dividends received:
DR Bank/receivable
CR Investment income (SPL)
Thanks
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