The question of how to close a dividend account is important for two completely different sets of people. For accountants, closing a dividend account involves accounting entries to deal with ...

Early-retirement dividend strategies work for some, but most investors need a more diversified income approach.

When you record dividends in a dividend account, you still must close that account into retained earnings at the end of an accounting period or fiscal year. Close an account by bringing the ...

Temporary accounts include revenue, expenses, and dividends. These accounts must be closed at the end of the accounting year. Investopedia / Xiaojie Liu The purpose of the closing entry is to ...