Accounting For Dummies

Accounting For Dummies

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That is, the total amount of profit paid out to the owners is recorded as a decrease in the retained earnings account. ... retained earnings would have increased $10, 000 during the period (see the increase in this ownersa#39; equity account Figure anbsp;...

Title:Accounting For Dummies
Author:John A. Tracy
Publisher:John Wiley & Sons - 2013-03-01


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