Characteristics of t-type account:
T-type account is a simple form of account, which is named because it is similar to the capital letter t. It can also be called T-type account. Type t accounts include account name, debit and credit direction, and amount of increase or decrease in records.
The role of T-account:
"T-account" is widely used in accounting treatment because it can intuitively and continuously reflect economic business, and at the same time overcome the shortcomings of complex and cumbersome actual accounts: "bad debt provision" extraction and write off, "fixed assets clearing" accounting and carry forward, "held to maturity investment interest adjustment" recognition and write off, etc.
General accounting treatment of profit distribution:
Profit distribution is a process in which an enterprise distributes its net profit to various stakeholders according to national regulations and enterprise decisions.
Profit distribution is generally carried out according to the following steps:
Appropriation of statutory surplus reserve;
Withdraw statutory public welfare fund;
Preferred stock dividends payable;
Appropriation of discretionary surplus reserve;
Common stock dividends payable;
Common stock dividends converted into capital.