Which of the following is found on the credit side of a profit and loss...
FINANCIAL
JAMB 2023
Which of the following is found on the credit side of a profit and loss account?
- A. advertising
- B. dividend received
- C. wages and salaries
- D. bank charges
Correct Answer: B. dividend received
Explanation
Dividend received as as revenue i.e income or money received in trading transactions. It is credited to the profit or loss account.
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