Interim dividend paid in a year is

Accounts - Principles of Accounts WAEC 2019

Interim dividend paid in a year is 

  • debited to the Income Surplus Account/ Profit and Loss Appropriation Account checkmark
  • credited to the Income Surplus Account Profit and Loss Appropriation Account
  • debited to the Profit and Loss Account
  • credited to the Profit and Loss Account

The correct answer is: A

Explanation

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