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A client wishes to declare a dividend on its recent profits , it has sufficient reserves though it does not have the cash available to make the payment yet. Once the company has declared a dividend can the obligation to pay it be credited to a shareholder loan account until such time as it is paid? At what point does DWT become due , is it at the point the dividend is recognised in the accounts and credited to the loan account?

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Asked on 3 September 2019 11:03 am
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