View Full Version : Dividends Account
chp
Apr 13, 2007, 07:38 AM
Is a Dividend account in the trial balance supposed to be cleared to zero every year through retained earnings
goldenbutterfly
Apr 13, 2007, 07:43 AM
What do you mean by a Dividend account?
chp
Apr 13, 2007, 02:06 PM
When you pay dividends to the shareholders, you credit cash and debit a capital account called Dividends or Dividends Paid
goldenbutterfly
Apr 13, 2007, 05:55 PM
Yes, you will deduct it from retained earnings.