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.
br> Use the following to answer the given question \(\begin{array}{c|c} & N \\ \hline \text{B...
The principal book of account where accounts are classified and summarized is ...
Given: Opening capitaL................N7 000 Additional capital.............N3 500 Net..............
Opening stock---------2,300 Purchases-------------11,874 Sales--------------------18,600 Closing ...
Year ₦ 1991 1992 1993 1994 14,000 24,000 10,00...
The bank column in the cash book shows a credit balance of N180. This means ...
The following transactions relate to Osei Enterprises for the year ended 31st December 2020. ...