What is the purpose of the dividends account

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Which of the steps in the accounting cycle are performed only at the end of the accounting period?

Why are expense and revenue accounts used when all revenues and expenses could be shown directly in the Retained Earnings account?

What is the purpose of the Dividends account and how is it increased?

Reference no: EM131139778

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What is the purpose of the dividends account : Which of the steps in the accounting cycle are performed only at the end of the accounting period?- What is the purpose of the Dividends account and how is it increased?

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