On Wednesday, 17 April 2019 08:51:00 BST Maf. King wrote:

> Said text goes on to explain that the act of declaring a dividend to be
> payable creates a liability account on the company.  When dividends are
> paid, that liability account is cleared from equity:retained Earnings
> (presumably company bank balance also reduces, but I haven't thought at
> length about what the 4th balancing account would be in a GC txn).
> 

Forget that bit.  must have still been waking up.  it is 2 separate txns on 3 
accounts

Maf.




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