What is the entry passed when proposed dividend is written off

Dear Student

Since proposed divided is declared directly from profit and loss account only it is not written off separately.

Proposed dividend account is closed by paying the dividend, by passing the following journal entries :

Journal in the books
Date	Particulars		Debit	Credit
	Declaration of Proposed Dividend :
	Profit and Loss A/c	Dr.	xxx
	To Proposed Dividend A/c			xxxx
	(Being dividend proposed shall be paid on approval form shareholders)
	Payment of Dividend and Closing of proposed dividend account
	Proposed Dividend A/c	Dr.	xxx
	To Bank A/c			xxx
	(Being Dividend paid)

Hope this helps
Regards