Which of the following is found on the credit side of a p...
Which of the following is found on the credit side of a profit and loss account?
Advertising
Dividend received
Wages and salaries
Bank charges
Correct answer is B
Dividend received as as revenue i.e income or money received in trading transactions. It is credited to the profit or loss account.
Another name for owner's equity is ...
Which of the following is not a factory overhead cost? ...
OGOGO'S SALES LEDGER LEDGER CONTROL ACCOUNT \(\begin{array}{c|c} & D & & D \\ \...
Discount allowed N2,000; Bad debts 1,000 Cheque received from customers 24,000 Returns inwards 50...