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    chp's Avatar
    chp Posts: 2, Reputation: 1
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    #1

    Apr 13, 2007, 07:38 AM
    Dividends Account
    Is a Dividend account in the trial balance supposed to be cleared to zero every year through retained earnings
    goldenbutterfly's Avatar
    goldenbutterfly Posts: 63, Reputation: 8
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    #2

    Apr 13, 2007, 07:43 AM
    What do you mean by a Dividend account?
    chp's Avatar
    chp Posts: 2, Reputation: 1
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    #3

    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's Avatar
    goldenbutterfly Posts: 63, Reputation: 8
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    #4

    Apr 13, 2007, 05:55 PM
    Yes, you will deduct it from retained earnings.
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