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Is dividends debit or credit on the trial balance?

Anonymous

∙ 11y ago

Updated: 7/15/2025

Dividends are recorded as a debit on the trial balance. When dividends are declared, they reduce retained earnings, which is a credit account; hence, the dividend declaration results in a debit entry. This reflects the company's obligation to pay the shareholders, and once paid, it also reduces the cash or bank account, which is recorded as a credit.

AnswerBot

∙ 3mo ago

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Is dividends debit or credit on the trial balance?

What else can I help you with?

Is Accounts Payable a debit or credit on the trial balance?

Is investment credit or debit in trial balance?

Is common stock debit or credit on the trial balance?

IS CASH FLOAT CREDIT OR DEBIT IN A TRIAL BALANCE?

Do you debit or credit provision for doubtful debts on trial balance?

Is bank loan credit or debit in trial balance?

Is Accounts Payable a debit or credit on the trial balance?

Is investment credit or debit in trial balance?

Is common stock debit or credit on the trial balance?

IS CASH FLOAT CREDIT OR DEBIT IN A TRIAL BALANCE?

Do you debit or credit provision for doubtful debts on trial balance?

Are accounts receivable a debit or credit on trial balance sheet?

Is premises debit or credit in the trial balance?

Is Account Payable Considered Debit Or Credit On The Trial Balance?

On the Trial Balance Sheet AR is?

Is trade debtors a debit or credit transaction on the trial balance?

What is the balance of both the debit and the credit columns in the trial balance?

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