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.
The amount set aside out of profit for a specific purpose is ...
When a business incurs labour cost in installing a fixed asset, the cost is treated as ...
A source document that aids the ascertainment of amount paid out of current account is the? ...
Industry ltd, issued 100,000 shares at ₦1 each out of its Authorized share capital of ₦200,000 a...
Use the information to answer the given question. RECEIPTS AND PAYMENTS ACCOUNT: \(\begin{array}{...
Zazzau Company: Cash in hand................N50 Cash in bank................N1 250 Stock..........
Use the following information to answer the given question \(\begin{array}{c|c} & N \\ \hli...
Which of the following is not shown in the trial balance? ...
Trading Account of Umeh Enterprises for the year ended 31st December 2019 ...