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What is the counter entry of dividend payable in order to nullify dividend payable account?

<p>Simple question</p> <p>When Dividend is paid off the entry is </p> <p>Divident payable       Cr</p> <p>Bank                            Dr</p> <p> </p>

Accounting Accounts Payable Cost Accounting Financial Accounting managerial accounting
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Question added by Danish Lohar , Accounts Officer , Nagina Cotton Mills Limited
Date Posted: 2014/11/09
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Aly Farouk Zamzam, (CMA)
by Aly Farouk Zamzam, (CMA) , Accounting Manager , F.M.S Trading

Retained earnings

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