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Post Info TOPIC: Partial Dividends
jonnyboy9


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Partial Dividends
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Newbie book-keeping question but if a one-man ltd company pays himself a partial dividend of £9k in a year, what happens to this £9k on the Balance sheet?

Thanks in advance,

Jon



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Robert Pearce


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What do you mean by a partial dividend?  Do you mean an interim dividend?



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jonnyboy9


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Er, yes, an interim dividend.



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Robert Pearce


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Assuming that it's not physically paid at the time (in which case, the bank would be credited), the dividend will be credited to the director's loan account.  The debit side would go to dividends, which is a reserves movement.



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