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?

  • advertising
  • dividend received checkmark
  • wages and salaries
  • bank charges

The correct answer is: 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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