As part of the year-end closing process the Share Dividends account is closed to Retained Earnings.

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This is a standard accounting process where any dividends paid to shareholders are recorded in the Share Dividends account, and at the end of the year, this account is closed by transferring the balance to Retained Earnings. This helps ensure accurate financial reporting and tracking of company profits and losses.

As Part of the Year-End Closing Process the Share Dividends