The Entry to Record the Payment of an Interim Dividend

question 24

Multiple Choice

The entry to record the payment of an interim dividend includes a:

• A)Debit to Interim dividend payable
• B)Credit to Interim dividend payable
• C)Credit to Bank
• D)both A and C

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Definitions:

Plantaris

A small, thin muscle in the leg that assists in flexing the foot.

Posterior Thigh

The back part of the thigh, comprising muscles like the hamstrings that are involved in extension of the hip and flexion of the knee.

Biceps Femoris

A muscle of the thigh that is part of the hamstring group, involved in knee flexion and thigh extension.

Tensor Fasciae Latae

A muscle of the thigh involved in stabilizing the hip and knee during movements.