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The entry to record the payment of dividends is:

A. debit Cash, credit Dividend Expense

B. debit Dividend Expense, credit Cash

C. debit Dividends, credit Dividend Payable

D. debit Dividend Payable, credit Cash

Accounting Auditing Account Handling Financial Accounting Bookkeeping
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Question added by Muhammad Ramzan Tufail ACCA , Assistant Finance Manager , Eltizam Asset Management Group
Date Posted: 2015/03/25
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Linda Jaison
by Linda Jaison , Accounts Executive , Orostar Explosion Proof Electrical Materials Trading LLC

The Answer is D

Debit Dividend payable , Credit cash

 

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