Which of the following items is found in the profit and l...
Which of the following items is found in the profit and loss account of a company?
Proposed dividends
Transfer to general reserves
Director's remuneration
Proceeds from issue of shares
Correct answer is A
Proposed dividends (ordinary) is shown on the debit side of the profit and loss appropriation account of a company.
The concept which deals with the exclusion of trivial items in the accounting records is ...
Directors' remuneration are recorded in the book as ...
The two recognised accounting bases are ...
\(\begin{array}{c|c} & Halima & Ibinabo \\ & N & N \\ \hline \text{Capital accounts ...
Abu, a debtor to Dania, owed ₦10,500 at the start of the month. He paid cash of ₦40,005 during t...
Which of the following relates to cash basis of accounting? ...
Use the following information to answer the given question: SALES LEDGER CONTROL ACCOUNT \(\begi...
Bariga, a stock broker bought stationery for N 12000 by cash. To record this transaction, debit? ...