Which of the following is shown in the profit and loss appropriation account of a...
FINANCIAL
JAMB 2015
Which of the following is shown in the profit and loss appropriation account of a company
- A. interest charges
- B. depreciation
- C. directors emoluments
- D. dividends
Correct Answer: D. dividends
Explanation
In general accounting, appropriation accounts are mainly prepared by partnerships and limited liability companies (LLCs). They are an extension of theprofit and loss statement, showing how the profits of a firm are allocated to shareholders or to increase reserves indicated in the balance sheet. it usually contains dividends, retained earnings, goodwill etc
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