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1. DEBIT Dividends
2. CREDIT Dividends
Accounting Entry would be :
1) Retained Earning ..............Debit
To Dividend payable a/c
2) Dividends Declared will be closed to Retained Earnings
Dividend Declared a/c Debit
To Retained Earning
3) Payment of Dividend
Dividend Payable will be Debited
To Cash will be credited......
3)
1. DEBIT Dividend.............................................................................................................................................................
I will debit Dividends.......................
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