Just remember that although preferred stock is safer than common shares, it’s still not as secure as a bond. A company’s board of directors decides whether or not to pay out a dividend to common stockholders. If a company misses a dividend, the common stock shareholder gets paid after those holding preferred shares. As a […]
Category Archives: Bookkeeping
Any miscalculated or wrongly-transcribed journal entry in the ledger can cause an incorrect trial balance. It is best to look out for errors early, and correct them on the ledger instead of waiting for the trial balance at the end of the fiscal year. Look at the item in question and determine what account What is partnership accounting it belongs to. […]