![]() ![]() The funds can be short term or long term, which means they due within one year or due at any point in time in the future. It is the amount of funds due to another party and is found in the general ledger. Retained earnings now reflect the appropriate amount of net income that was allocated to it. Updated DecemWhat is Due to Account Due to Account is an accounting term that denotes a liability account. ![]() Credit the dividend account and debit the retained earnings account. The dividend account has a normal debit balance.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |