Super Contributor **
02-07-2019 03:23 AM
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I always use @raywhite28 's technique, but use Retained E...
I always use @raywhite28 's technique, but use Retained Earnings to debit the payment to. This way, the payment does not affect the Profit & Loss account - dividends are paid out of taxed income (in the company) and the retained earnings are shown accurately in the balance sheet.