When listing the accounts on the trial balance,where is the dividends account listed?
A)It is not listed on the trial balance.
B)After Retained Earnings.
C)After Service Revenue or Sales Revenue.
D)As part of the expense accounts.

Question

Quizplus · Accepted Answer

Dividends account is a contra equity account, which is deducted from Retained Earnings. Therefore, it is listed after Retained Earnings on the trial balance.

When Listing the Accounts on the Trial Balance,where Is the Dividends