Make following Journal Entries: 

Scenario 01  a. As on 30th September 2019, Board of Directors announced / declared Cash dividend of Rs. 1,000,000 (Common Stock 500,000 shares issued, FV Rs. 10 each)

b. Date of recording was 15th October, 2019.

c. Dividend was paid on 25th October, 2019 

Make following Journal Entries:   

Scenario 02  a. As on 30th September 2019, Board of Directors announced / declared Stock dividend of Rs. 100,000 (issued 10,000 Common Stock @ Rs. 10 Each)  

b. Retained earnings were Rs. 250,000. 

c. Date of recording was 15th October, 2019. 

d. Stock Dividend was paid on 25th October, 2019 

e. Make SHE statement, both pre & post Stock Dividend issuance

Answer rating: 100% (QA)

Scenario 01 Date Particulars LF Debit Rs Credit Rs 30 th September 2019 Retained earnings Ac Dr To D... View the full answer