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
Year ₦ 1991 1992 1993 1994 14,000 24,000 10,00...
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