by Ava
(Nepean, ON, Canada)
How do I record dividends received on a corporate investment?
I operate a corporation in Ottawa. I invested in a business, not related at all to mine, and I receive dividends.
I borrowed $50,000 for the shares. I booked the loan as follows:
Credited to Long Term Loan (liability account); and
Debited to an account called Shares (asset account) I made. (I'm not 100% if it's suppose to be an asset or equity account.)
Hopefully this is right, for the sake of my question ! ha ha ha
We received our first dividend cheque, so I debited the bank account, and credit what?
I'm assuming its an account called something like dividend received, but is this an equity account, retained earnings or what exactly?
Thank you so much for your help !!! Your site is awesome !!
I donated !! Everyone should :)
Comments for Investment Dividends
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