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Journal entryIntermediatePublished

Question · Dividends and withholding taxes

Dalvanne declares a gross dividend of 500,000. Under the legislation in the case, it withholds 15% on behalf of the shareholders and will pay it to the authorities. Record the entry for the declaration of the dividend.

Gross dividend
500,000
Withholding rate (%)
15 %
Your answer
  1. Line 1

    Account Retained earnings

  2. Line 2

    Account Dividends payable

  3. Line 3

    Account Withholding tax payable

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