I'm doing the book keeeping of my ltd myself and i don't know how to record a dividend paiement into the account.
I know the process of meeting minutes/dividend tax vourcher but when you really pay the dividend out the company account, i don't know against which account of the standard chart of account to use.
If somebody can give me the example of journal they use, would be gratefull.
Thanks.
I know the process of meeting minutes/dividend tax vourcher but when you really pay the dividend out the company account, i don't know against which account of the standard chart of account to use.
If somebody can give me the example of journal they use, would be gratefull.
Thanks.
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