1. Dividend is distribution of retained earnings. A. True B. False 2. Debit Acco

Question

1. Dividend is distribution of retained earnings. A. True B. False 2. Debit Accounts Payable account will decrease the account. A. True B. False
3. The balance of the account can be determined by adding all of the debits, adding all of the credits, and subtracting the amounts each other. A. True B. False 1. Dividend is distribution of retained earnings. A. True B. False 2. Debit Accounts Payable account will decrease the account. A. True B. False
3. The balance of the account can be determined by adding all of the debits, adding all of the credits, and subtracting the amounts each other. A. True B. False 1. Dividend is distribution of retained earnings. A. True B. False 2. Debit Accounts Payable account will decrease the account. A. True B. False 2. Debit Accounts Payable account will decrease the account. A. True B. False
3. The balance of the account can be determined by adding all of the debits, adding all of the credits, and subtracting the amounts each other. A. True B. False

Explanation / Answer

1. True

Dividend is basically the distribution to its shareholders of the profits earned by the compqny. Reatined earnings is the accumulated profit earned by the company

2.2. True. Debit is an entry which increases asset and decreases liability.IN the present case acounts payable is a liability hence decreases when debited.

3.true. Balance of an account is basically the difference between total of debit and tital of credit and vice versa.

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