No
No
A declared cash dividend is recorded by debiting the dividend account and crediting the dividend payable account.
what is difference between a current account and a cheque account
When a stock dividend is declared you either receive the money as a cheque to your residence address or it gets directly credited to your bank account that is linked to the trading account in which you hold these shares.
Dividend is a temporary account at it is closed the retained earnings account at the end of fiscal year.
Dividend is temporary liability account as soon as dividend is declared by corporation which ultimately closes to net profit or retained earnings account.
Yes, you can get a bank account if you are bankrupt, eventhough some banks won't allow to give you an account if you've just recently declared bankruptcy. Only open a bank account after you've been declared bankrupt.
You can open a bank account immediately after filing for bankruptcy. There really is no waiting period.
dfdsff
They are the same.
Retained earnings
Account Balance