The shareholders did not withdraw the Dividends from the company and there is a Cash Surplus at the year end. How should we show this Cash Surplus amount in the Accounts?
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Some people are so cruel! I sympathise as I have had my own fair share of "Basic" questions for which I recieved stick from some people!
In any case though, as kent accountant says, it would remain as a creditor on the balance sheet. When they do finally draw the money out, it would go against this. i.e. credit bank and debit Creditors.