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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Which of the following accounts has a debit balance? ...
\(\begin{array}{c|c} & N \\ \hline \text{Sales} & 14,600 \\ \text{Purchases} & 5,500 \\ ...