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I'm trying to find out the answer, but I'm thinking credit balance. I'm trying to find out if its right or not.
The answer is wrong, it actually has a Dr. balance
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Depends on What You Mean by DIVIDENDS!
- If you are talking about dividends from investments (interest on a checking account, CD, etc.), then that is income. Income or Revenue accounts always receive credits and, therefore, maintain a credit balance.
- If you're taking about stockholder dividends from a corporation, that is more complicated. Dividends given in a small business environment (sole, partners, S-corp) are tracked in an Equity account and the account is debited when a distribution is made. This "Distribution" or "Owner's Draw" account is the only Equity account that receive debits and, therefore, maintains a debit balance.
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∙ 12y ago
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Do dividends usually carry a normal debit balance?
Debit balance dork!
Paid cash in dividends journal entry?
[Debit] Dividends [Credit] Cash / bank
Is a premises an credit or debit?
Premises is an asset for business and like all other assets of business which has debit balance as normal default balance it also has debit balance.
Is purchases a normal debit or credit balance?
debit balance
Does assets account have a debit balance or a credit balance?
debit
Are dividends a credit or debit?
Dividends have a normal Debit balance. An easy way to remember this is "DEAD": Debits are Expenses, Assets, and Dividends.
Do dividends usually carry a normal debit balance?
Debit balance dork!
What is the formula for equity method?
dEBIT COST AS AN ASSET DEBIT EARNINGS IN ASSET CREDIT DIVIDENDS RECD IN ASSET dEBIT COST AS AN ASSET DEBIT EARNINGS IN ASSET CREDIT DIVIDENDS RECD IN ASSET dEBIT COST AS AN ASSET DEBIT EARNINGS IN ASSET CREDIT DIVIDENDS RECD IN ASSET
Is an Increase in Dividends a credit or debit?
Dividends are increased with debits.
Paid cash in dividends journal entry?
[Debit] Dividends [Credit] Cash / bank
Is withdrawal a debit or credit balance?
it is a debit balance because it decreases owner's equity, which has credit balance.
Does cash on hand have a debit or credit balance?
credit
Is a premises an credit or debit?
Premises is an asset for business and like all other assets of business which has debit balance as normal default balance it also has debit balance.
Is purchases a normal debit or credit balance?
debit balance
Does assets account have a debit balance or a credit balance?
debit
Is accrued expenses a debit or credit balance?
Debit in your Income statement credit in your balance sheet.
Is withdrawals a debit or a credit?
it is a debit balance because it decreases owner's equity, which has credit balance.
