Dividend payable are from current year's net income portion it is liability of business as soon as dividend declared.
Owner equity
If your divident is the result of your own investment, it is an asset. Divident payable is a liability.
neither
no if the owner expense money on his property it w'll increase the value not decrease (shaista)
False. Payment of an accounts payable reduces cash and reduces accounts payable. Equity is not affected.
neither
debit loan accountcredit owners equityDebit Loan Payable Debit Interest Expense Credit Paid in Capital
Assets =Liabilities +(Stockholders' Equity=Paid-in Capital + Revenues - Expenses - Dividends - Treasury Stock. )Assets =Liabilities +(Owner's Equity=Owner's Capital + Revenues - Expenses - Owner's Draws.)
no
No. Accounts payable is a liability account, which is used in the balance sheet.
entering an expense amount in the balance sheet and statement of owner's equity debit column.
Contra Equity refers to an equity account with a normal debit balance, where as other standard equity accounts have normal credit balances. Expense accounts are contra equity accounts because they are used to find totals for a debit of the owner's equity account.
Owner's Equity = Contributed Capital ± Retained Earnings Contributed capital is money that has been contributed to a company by its owners or by a direct investment made by stockholders in a corporation. A company would have stockholders if that company sells shares or stock. Retained earnings is a companys' accumulated profits that have been put back or reinvested into the company. Some examples of retained earnings are supplies expense, rent expense, wages expense, interest expense, utilities expense, sales revenue, cost of goods sold, and depreciation expense. A return on equity (ROE) is the net income divided by stockholders' equity. Assets = Liabilities + Owners Equity