Ordinary dividend

1. Interim Dividend
Half yearly
Dr Dividend (retained Earnings) $1
Cr cash $1
2. Final dividend
Declared at the Declared after the Proposed
reporting date reporting date dividend
Dr No entry No Entry
Dividend(Retained Disclose by note Disclose by
Earnings) $2 note
Cr Dividend payable
$2

3. Last year’s dividend declared in current year

Dr Dividend (Retained Earnings)
Cr Dividend payable
_____________________
Paid : Dr Dividend payable
Cr Cash

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