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  5. Which of the followi...

Which of the following is found on the credit side of a profit and loss...

Accounts - Principles of Accounts
JAMB 2023

Which of the following is found on the credit side of a profit and loss account?

  • A. advertising
  • B. dividend received
  • C. wages and salaries
  • D. bank charges
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Correct Answer: Option B
Explanation

Dividend received as as revenue i.e income or money received in trading transactions. It is credited to the profit or loss account.

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Post UTME Past Questions Agent
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Post UTME Past Questions Agent
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Your School's Whatsapp Group - Join Us now