Business: accounting for dividends
Graham Leggett
minfrin at sharp.fm
Wed Oct 8 16:23:15 EDT 2008
Maf. King wrote:
> Isn't a didvidend payment recorded as a (post-tax) expense?
> On the grounds that it is money being taken out of the business.
I just tried to move the dividend account to an expense account to see
what would happen, and the retained earnings account is still way off.
Does anyone have a description of exactly how retained earnings is
calculated?
Regards,
Graham
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