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Which of the following is shown in the profit and loss appropriation account of a...

Accounts - Principles of Accounts
JAMB 2015

Which of the following is shown in the profit and loss appropriation account of a company

  • A. interest charges
  • B. depreciation
  • C. directors emoluments
  • D. dividends
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Correct Answer: Option D
Explanation

In general accountingappropriation accounts are mainly prepared by partnerships and limited liability companies (LLCs). They are an extension of theprofit and loss statement, showing how the profits of a firm are allocated to shareholders or to increase reserves indicated in the balance sheet. it usually contains dividends, retained earnings, goodwill etc


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