the dividends account increases debited as well, Accounting Basics

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the dividends account increases debited as well

The Dividends account increases (debited) as well as an asset cash decreases (credited) by USD 3000. Transaction 15 brings to a close the analysis of the Micro Train Company transactions. The next section illustrates and discusses posting to ledger accounts and cross indexing.

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Accounting Basics: the dividends account increases debited as well

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