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Dividends Account
An account in the general ledger that records payouts to shareholders from the company's earnings.
Permanent Account
An account that is not closed at the end of the accounting period and carries its ending balance into the next period, typically including assets, liabilities, and equity accounts.
Dividends Account
An account in the general ledger that records the amount of dividends declared by a company to be paid to shareholders.
Common Stock Account
An equity account that represents the amount of shares owned by shareholders in a corporation.
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