The Journal Entry by a Subsidiary to Record the Declaration

question 8

Multiple Choice

The journal entry by a subsidiary to record the declaration of a final dividend at the end of the financial year includes a:

• A)Credit to Dividend receivable
• B)Credit to Dividend payable
• C)Debit to Final dividend proposed
• D)both B and C

---

Definitions:

Delusions of Grandeur

A false belief in one's own superiority, greatness, or power, often seen in psychiatric conditions such as schizophrenia.

Schizophrenia

A complex chronic mental health disorder characterized by disruptions in thought processes, perceptions, emotional responsiveness, and social interactions.

Powerful Person

An individual with significant influence, control, or authority over others, often due to their position, wealth, or abilities.

Paranoid Schizophrenia

A subtype of schizophrenia characterized by prominent delusions of persecution or conspiracy, often accompanied by auditory hallucinations.