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Dividend payable Account

Accountancy

in Dividend payable account , Rs.12 lakh will be Debited as To cash A/c. OR will be Credited as By profit and loss A/c. ? and what will be the Balancing figure ?

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Chandan Subudhi

Chandan Subudhi

CA Final

12K+

26-Aug-21 14:33

218

Answers (4)

Best Answer

Dividend declared for the year = 12,00,000 add: dividend payable on start of year = 1,50,000 less: dividend payable at end of year =(3,00,000)--> other current liability basically balance c/d Total dividend paid = 10,50,000 --> cash paid so credit to cash a/c


roshini reddy

roshini reddy

CA Inter

1K+

26-Aug-21 15:23

roshini reddy

Yes

Got it ! Thank you so much !


Thread Starter

Chandan Subudhi

Chandan Subudhi

CA Final

12K+

26-Aug-21 15:44

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