Question

std 11,Accounts


Q). journal entry on receieved 1200 as a devident from XYZ company

plz help guys...​

Answer 1

Ans) Cash a/c 1200
To Dividend Recd. a/c. 1200


Explanation:
Cash a/c — Real a/c — Debit what comes in
Dividend recd. — nominal a/c — credit all incomes and gains

Dividend is a sum of money paid regularly (typically annually) by a company to its shareholders out of its profits (or reserves).