The proposed dividend for the Current Year would appear on the debit side of which account?

Related MCQs

• Last year’s proposed dividend has been paid during the current year and hence will be shown as________
• Among the following items which item is shown on the debit side of Adjusted Profit and Loss Account?
• Non-cash adjustments like Depreciation, Preliminary Expenses and Goodwill Written off are shown on the debit side of which account?
• Which of the following rules stands true while preparation of Schedule of changes in working capital? 1) An increase in current assets increases working capital. 2) An increase in current assets decreases working capital. 3) An increase in current liabilities decreases working capital. 4) An increase in current liabilities increases working capital
• Which of the following statements is true? 1. If the amount of good will increases during current year, the difference is treated as purchase of goodwill. 2. If the amount of good will decreases during current year, It will treated as written off.
• Part of Profit transferred to General Reserve will be shown on the debit side of _________
• The balances of Provision for Taxation were Rs. 20000 and Rs. 15000 in 2019 and 2020 respectively, if in the current year taxed paid were Rs. 10000 then what will be the current year provision for tax made from profit?
• When a part of the Fixed Assets is sold during the year, the Profit on sale is shown on the credit side of which Account?
• If the shares are issued at a premium during the year then the amount of premium received will appear as a _______
• For Meghal Industries Ltd. opening balance for Provision for Taxation is Rs. 18,000 and closing balance is Rs. 15,000. During the year Taxed paid wereRs. 10,000. What is the current year’s Provision for Taxation made from the profit?