Question

Journal entry for dividend received?

Answer 1

Dividend received..

It means Amt is received by the business and in the form of cash.. Bcz dividend always in the form of cash
..

Hence cash account is debited and its against dividend accounts is credited to business..

Cash a/c.. Dr.


....... To dividend a/c...


[ being dividend received by business in cash.]

Answer 2

The following is a journal entry for a dividend that was received:

• The corporation must create a journal entry for the dividend received instead of debiting the cash account and crediting the stock investment account.

• Because the stock investments' normal balance is on the debit side, this journal entry will deduct the dividend received from the stock investments.

• Here's how to write a journal entry:

Cash account - Debit

Dividend received account- Credit