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-   -   Dividends Account (https://www.askmehelpdesk.com/showthread.php?t=82201)

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

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