Q233
In which of the following interim dividend is treated?
A.
In profit and loss account
B.
In profit and loss appropriation account
AnswerC.
On the asset side of the Balance sheet
D.
In trading account
Answer: Option B
Solution
Answer: Option B
Solution:
In profit and loss appropriation account interim dividend is treated. An interim dividend is a dividend payment made before a company's annual general meeting (AGM) and the release of final financial statements.