Q298
Which of the following appears in the profit and loss appropriation account?
A.
Interest on debentures
B.
Dividend
AnswerC.
Provision for taxation
D.
Provision for bad debts
Answer: Option B
Solution
Answer: Option B
Solution:
Dividend appears in the profit and loss appropriation account. The main intention of preparing a profit and loss appropriation account is to show the distribution of profits among the partners.