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Salama Almurooshed
on Nov 18, 2024

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Which of the following stockholders' equity accounts follows the same debit and credit rules as liabilities?

A) expense accounts only
B) dividends accounts only
C) revenue, common stock, and retained earnings accounts
D) expense and dividends accounts

Dividends Accounts

Dividends Accounts represent the financial accounts used by a company to record the dividends paid out to shareholders, reflecting the distribution of earnings.

Liabilities

Liabilities are financial obligations or debts that a company owes to others, which must be settled over time through the transfer of money, goods, or services.

Debit

A bookkeeping entry that triggers an increment in assets or a decrement in liabilities on a corporation's financial statement.

  • Familiarize yourself with the standards related to debits and credits in the realm of accounting.
  • Gain insight into the influence diverse transactions exert on stockholders' equity.
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sukrit dhawanNov 23, 2024
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