An item that would be considered a first charge against p...
An item that would be considered a first charge against profit in a company's account is
Ordinary dividend
Preference dividend
Capital reserve
General reserve
Correct answer is B
Preference dividend is a dividend that is allocated to and paid on a company's shares. If a company is unable to pay all dividends, claims to preferred dividends take precedence over claims to dividends that are paid on common basis.
When the goods are sold on credit to a buyer, the account receivable account will be ...
The book into which all types of a ministry's expenditure are recorded is the ...
A proprietor withdraws cash from the business for private use, he ...
What are accounting entries for bad debts recovered? ...
When a transaction is completely left out from the books, it is an error of ...