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
Correct Answer: Option D
Explanation
In general accounting, appropriation 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