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Dividends Account
An account used in double-entry bookkeeping to record dividends paid out to shareholders during an accounting period.
Retained Earnings
The portion of net income left over for the business after it has paid out dividends to its shareholders, often reinvested into the business.
Ledger Accounts
Records within a ledger that summarize all the transactions related to a specific account, providing a complete record of financial transactions over the life of the account.
Net Income
The sum a company earns net of all expenses and taxes, deducted from its overall revenue.
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