If you own shares in a publicly listed company (one where the shares are traded on a stock market) then, if the company makes a profit in a year, the profit is divided by the number of shares that exist and paid out to the share holders (in proportion to the number of shares they each hold). This payout is called a dividend.
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The dividend is 97.The dividend is 97.The dividend is 97.The dividend is 97.
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THe answer is dividend. THe answer is dividend.
If dividend income received: Debit Cash / bank Credit Dividend income If dividend income receivable: Debit Dividend income receivable Credit Dividend income