What type of account is increased with a debit but represents a decrease in retained earnings?
A)liability
B)asset
C)revenue
D)dividends

Name: What type of account is increased with a debit but represents a decrease in retained earnings? A)liability B)asset C)revenue D)dividends
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Question

Quizplus · Accepted Answer

Dividends are distributions of profits to shareholders, so it represents a decrease in retained earnings when a debit is made to dividends. Liabilities, assets, and revenues are not directly related to retained earnings.

What Type of Account Is Increased with a Debit but Represents