Which of the following is shown in the profit and loss ap...
Which of the following is shown in the profit and loss appropriation account of a company?
Interest charges
Depreciation
Directors employments
Dividends
Correct answer is D
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
A partner who has full power of participating in the conduct of a partnership business is a ...
Opening stock ₦ Department A B 100 800 ...
A cash payment of ₦85 to Regina was entered in the books as ₦58. The entries to correct the erro...
The interest on partner's loan is ...
Tale LTd. has 100,000 ordinary shares of ₦1 each and 60,000 5% preference shares of ₦1 each. Bot...
The authority to transfer fund from one head to another within the same organization is called ...
Departmentalization of accounts is useful because it shows the? ...
Which of the following is not a subsidiary book? ...
The effect of overstating revenue expenditure in the profit and loss account is that the ...
Bought motor vehicle ₦60 paying by cheque. The effect of the transaction will be ...