GK
ACCOUNTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The following item is shown in profit and loss appropriation account.
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Current assets
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Dividends declared
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Non-operating expenses
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Discount of issue of shares
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Explanation:
Detailed explanation-1: -Solution(By Examveda Team) Dividend appears in the profit and loss appropriation account.
Detailed explanation-2: -Dividend is appropriation of profit which is arrived after providing for all expenses including interest. On the other hand, the interest is a liability which has to be discharged even if the company has suffered losses.
There is 1 question to complete.