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How do you record a dividend payment to stockholders?

Accounting Auditing
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Question added by Danish Farid , Tax Associate , Limra Law Firm
Date Posted: 2014/08/12
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Anayatullah Tahir
by Anayatullah Tahir , Finance Manager , Etqan Projects

When divident is declared. It is recorded as Retained Earnings Debit and Dividend payable credit. Then while paying you just Debit Dividend Payable account and Credti Bank/Cash.

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