passwella.
Menu

WAEC Financial Accounting 2026 Question 40

Question 40

Company Accounts

An item treated in a company's profit and loss account is

  1. A.dividend payable
  2. B.capital reserve
  3. C.revenue reserve
  4. D.debenture interest
Show the answer and explanation

Answer: D (debenture interest)

Explanation

Debenture interest is an expense charged in the profit and loss account; dividends and reserves are appropriations or balance sheet items.