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.
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Capital.....................N? Profit and loss.............N3500 Current assets..............N? C...