When a dividend is declared, the accounts debited and credited are:

dividend and dividend payable.

dividend payable and cash in bank.

retained earnings and dividends.

cash and dividend payable.

Question

When a dividend is declared, the accounts debited and credited are:

      
dividend and dividend payable.

      
dividend payable and cash in bank.

      
retained earnings and dividends.

      
cash and dividend payable.

anonymous · Answer

when dividends are paid :
Dr dividend payable 
Cr cash 
note : dividends are deduct from retained earnings

anonymous · Answer

The first one?