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WAEC Financial Accounting 1997 Question 10

Question 10

Company Accounts

An example of appropriation of profit in a company is

  1. A.salaries
  2. B.rent income
  3. C.debenture interest
  4. D.director's remuneration
  5. E.dividend.
Show the answer and explanation

Answer: E (dividend.)

Explanation

Dividends are shares of profit given to owners, so they are appropriations; the others are expenses or income.