On which date would you make no journal entry?
A)Date of declaration of cash dividend
B)Date of record of cash dividend
C)Date of payment of cash dividend
D)Date of declaring a stock dividend

Question

Quizplus · Accepted Answer

No journal entry is made on the date of record of cash dividend. This is because the record date is only used to determine which shareholders are entitled to receive the dividend, and does not involve any actual cash transactions or changes in the company's financial position.

On Which Date Would You Make No Journal Entry