In 1926, the responsibilities of the New York State Treasurer were transferred to the comptroller as the head of the Department of Audit accrual basis

Bank reconciliation is the process of finding congruence between the transactions in your bank account and the transactions in your bookkeeping records. Reconciling your bank

However, some corporations closing entries use a temporary clearing account for dividends declared (let’s use “Dividends”). They’d record declarations by debiting Dividends Payable and crediting