Profit Distributions
Code: 3600
👁 Views: 79
Account Information
| Financial Statement | Statement of Financial Position |
| Normal Balance | Debit |
Definition
This account records dividend distributions to shareholders or owner drawings. It appears as a negative number (deduction) from retained earnings.
Sub-accounts
📐 IFRS vs US GAAP Accounting Treatment
IFRS
IAS 10
Events after the Reporting Period
US GAAP
ASC 505
Equity
❓ Frequently Asked Questions
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