General
Payment of Previously Declared Dividends
The actual cash outflow to shareholders following the declaration date.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Dividends Payable | Liability (-) | 5,000.00 | - |
| Cash | Asset (-) | - | 5,000.00 |
💡 Accountant's Note
This clears the liability created during the 'Declaration' phase and records the cash leaving the company.
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