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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › dividends
Hallo,
I am reading the following:
Which of the accounts are increased with a debit and decreased with a credit?
Assets, dividends, and expenses
– assets and expenses is clear
– but could you explain why the dividends are listed here, or this is a mistake?
Thank you!
Dividends certainly should not be in the list!!
OK, when we pay a dividend we do CR Cash and DR Dividends account. But we will never CR the dividends account!!
