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    kssteele's Avatar
    kssteele Posts: 1, Reputation: 1
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    #1

    Mar 6, 2012, 07:38 PM
    Free answers to accounting questions?
    True or False

    The normal balance for the dividends account is debit, so it may be shown with assets or expenses on the trial balance
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #2

    Mar 7, 2012, 07:27 AM
    Dividends are closed out to Retained Earnings. It is its own account and is not listed as an asset or as an expense, it will be listed separately on the Trial Balance.
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