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A company declared an ordinary dividend at its financial year end on 31 December 2020. Choose the correct double entry made by the company during
A company declared an ordinary dividend at its financial year end on 31 December 2020. Choose the correct double entry made by the company during January 2021 to record the ordinary dividends paid over to the ordinary shareholders (Ignore dividend tax):
Credit: Bank | ||
Credit: Ordinary shareholders (for dividends) | ||
Debit: Bank | ||
Debit: Ordinary dividends | ||
Credit: Ordinary shares | ||
Debit: Ordinary shareholders (for dividends) | ||
Debit: Ordinary Share Capital | ||
Credit: Ordinary dividends for shareholders |
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