Which of the following items is found in the profit and loss account of a...
FINANCIAL
WAEC 2023
Which of the following items is found in the profit and loss account of a company?
- A. Proposed dividends
- B. Transfer to general reserves
- C. Director's remuneration
- D. Proceeds from issue of shares
Correct Answer: A. Proposed dividends
Explanation
Proposed dividends (ordinary) is shown on the debit side of the profit and loss appropriation account of a company.
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