Question
What is the journal entry for payment of preference dividend on redeemable preference shares on the date of declaration? a- Dr. Preference dividend payable Cr.
What is the journal entry for payment of preference dividend on redeemable preference shares on the date of declaration?
a- Dr. Preference dividend payable Cr. Cash
b- Dr. Preference dividend payable Cr. Retained earnings
c- Dr. Preference dividend payable Cr. Share premium
d- Dr. Preference dividend Cr. Preference dividend payable
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BondsA Concise Guide For Investors
Authors: M. Choudhry
2nd Edition
0230006493, 9780230006492
