Asked by
Mahdi Mofazali
on Nov 15, 2024
Verified
Which of the following dividend dates gets a formal journal entry?
A) Date of payment
B) Date of claim
C) Date of record
D) All receive formal journal entries.
Journal Entry
A record of a business transaction in an accounting system, which includes debits and credits in appropriate accounts to maintain the ledger's accuracy.
Date of Payment
The specific day on which payment is made or received.
- Understand the process and implications of declaring and paying dividends.
- Distinguish between different dates related to dividends such as date of declaration, date of record, and date of payment.
Verified Answer
AG
Learning Objectives
- Understand the process and implications of declaring and paying dividends.
- Distinguish between different dates related to dividends such as date of declaration, date of record, and date of payment.