Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Declared dividends in group

  • 12-05-2019 3:20pm
    #1
    ClaptonBay
    Registered Users, Registered Users 2 Posts: 188 ✭✭


    Struggling a bit to fully understand this concept. Company C declares a dividend to company B, who then declares the divendend to company A. Company A will use the funds to be received to fund D which is on another side of the group compared to A and B.

    The dividend will not be paid by C, it will only be paid as required. However, company A has provided funding to company D based on the dividend that is to be received.

    Can anyone do the journals how this should be booked?

    Company C
    Dr reserves
    Cr declared dividend or is it intercompany(company B)

    Company B

    Company A

    Company D

    I'm a bit confused as they say a debt is created by doing these transactions?


Advertisement