[GNC] [GNC-dev] Recording dividend payoffs
Maf. King
maf at chilwell.net
Wed Apr 17 04:16:47 EDT 2019
On Wednesday, 17 April 2019 08:51:00 BST Maf. King wrote:
> Said text goes on to explain that the act of declaring a dividend to be
> payable creates a liability account on the company. When dividends are
> paid, that liability account is cleared from equity:retained Earnings
> (presumably company bank balance also reduces, but I haven't thought at
> length about what the 4th balancing account would be in a GC txn).
>
Forget that bit. must have still been waking up. it is 2 separate txns on 3
accounts
Maf.
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