[Debit] Proposed dividend [Credit] Dividend payable
Yes following entry required: [Debit] Proposed dividend [Credit] dividend payable
[Debit] Dividend [Credit] Cash
Debit dividend payableCredit cash /bank
Dividend receivable Debit Cash dividend Credit Cash Debit Dividend receivable Credit
[Debit] Proposed dividend [Credit] Dividend payable
Yes following entry required: [Debit] Proposed dividend [Credit] dividend payable
yes we will pass entry for proposed dividend P&L Appropriation A/c Dr. To Proposed Dividend
[Debit] Dividend [Credit] Cash
If dividend received is reinvested then there is no journal entry is required and this information can be mentioned through the use of memo entry.There is no journal entry required for dividend received reinvested as nothing is received by person or company so memo entry is enough for information purpose.
Debit dividend payableCredit cash /bank
Dividend receivable Debit Cash dividend Credit Cash Debit Dividend receivable Credit
Accrued dividend A/c...............Dr Dividend account.....................Cr Cash Ac.......................Dr Accrued dividend A/c..........Cr
if receiveddebit cash / bankcredit dividend incomeif paydebit dividendcredit cash / dividend payable etc
Let's say the dividend payable is $110. When the dividend is declared (eg the decision is made to pay a dividend but the dividend and tax won't be paid until, say, the first day of next month) then the entry is: Debit "Dividends Expense" (Expense Account) $110 Credit "Dividend Payable Parent Company" (Liability Account) $100 Credit "Dividend Tax Withheld" (Liability Account) $ 10 When the dividend and Tax is actually paid (eg it is now the first day of next month) the entry is: Debit "Dividend Payable Parent Company" (Liability Account) $100 Debit "Dividend Tax Withheld" (Liability Account) $ 10 Credit "Bank Account" (Asset Account) $110
[Debit] Proposed dividend [Credit] Dividend payable [Debit] Dividend payable [Credit] Cash / bank
No journal entry for stock option until that stock option is not utilized by the employees or any person with stock option available to them.