Interim dividend paid in a year is
...Interim dividend paid in a year is
Debited to the Income Surplus Account/ Profit and Loss Appropriation Account
Credited to the Income Surplus Account Profit and Loss Appropriation Account
Debited to the Profit and Loss Account
Credited to the Profit and Loss Account
Correct answer is A
No explanation has been provided for this answer.
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The entry in the partnership books of accounts for interest on drawings is to? ...