True/False
A dividend account is known as a contra equity account.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q120: The ledger provides a good indication of
Q121: The account credited when cash is received
Q122: A trial balance is a list of
Q123: Accounting transactions are first recorded in a
Q124: All revenue accounts normally have a credit
Q125: The normal balance of a liability account
Q126: An owners' investment of land and a
Q128: The entry to record the purchase of
Q129: The purchase of a building with a
Q130: The costs of operating a business are