Dividend received on shares is comes to the……………. side of profit and loss account.

Related MCQs

• Interest paid and payable comes to the……………side of the profit and loss account.
• Profit and losses can’t be ascertained because Trading and Profit and loss account can’t be prepared.
• All items of stock in Trading and Profit and loss Account are to be converted into cost price if these are given at an _
• IF Gross profit rate is 20% and Short Sales is Rs. 400000, then Loss of Profit on Sales will be ………..
• IF Gross profit rate is 40% and Short Sales is Rs. 250000, then Loss of Profit on Sales will be ………..
• A business takes a……………insurance policy to cover the claims for loss of stocks and loss of profit.
• The dividend is related to the market value of shares in .
• Every banking company incorporated in India must transfer to the Reserve fund a sum equivalent to not less than 25% of profit of each year before declaration of dividend.
• The ratio shows the preference dividend as a proportion of profit available for shareholders is
• Every banking company should prepare a balance sheet and profit and loss accounts as on……………..each year.