Explain why the Dividends account is closed directly to the Retained Earnings account.
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Dividends paid to stockholders are not considered an expense of the business and therefore ar...View the full answer
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Ashwani Ashwani
I have done my graduation (BSc Mathematics Honours) from University of Delhi and MSc Applied Mathematics from IIT - Mandi.
I also secured AIR-70 in CSIR- NET Exam in 2019.
Now I pursuing my PhD in Mathematics at IIT - Mandi.
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Financial and Managerial Accounting the basis for business decisions
ISBN: 978-0078111044
16th edition
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
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