Dividend Income is earned on Investment in Shares
Suppose 20 Shares of Reliance purchased @ 1000 per share on 10 April
Dividend earned on it on 18 Dec of Rs 40 per share
Entry will be
Shares A/c Dr 100000
To Bank 100000
(20*1000)
Entry for Dividend earned
Bank A.c Dr 800
To Dividend Income 800
(20*40)
Written on Feb. 14, 2017, 7:28 p.m.