declaration date definition
The date on which the board of directors of a corporation declares a dividend on the corporation's stock. On this date an accounting entry is made to debit Retained Earnings and to credit Dividends Payable.
The date on which the board of directors of a corporation declares a dividend on the corporation's stock. On this date an accounting entry is made to debit Retained Earnings and to credit Dividends Payable.
Harold Averkamp (CPA, MBA) has worked as a university accounting instructor, accountant, and consultant for more than 25 years. He is the sole author of all the materials on AccountingCoach.com. Read more about the author.