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.
Capital: opening balance 307,000 closing balance 342,000 Net profit for the period 121,600 Openin...
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