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What is the franking credit account nature

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Question - On 22 March 2019, The Flavours of Italy Unit Trust received a fully franked dividend from BHP Billiton Ltd of $630. Amanda (the bookkeeper) has recorded this dividend received in the MYOB Profit and Loss Statement as revenue. The relevant company tax rate was 30%. How do we do the journal entry for franking credit? what is the franking credit account nature?

Reference no: EM132560384

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