In which of the following interim dividend is treated?

A In profit and loss account
B In profit and loss appropriation account
C On the asset side of the Balance sheet
D In trading account

Correct Answer: In profit and loss appropriation account

In profit and loss appropriation account interim dividend is treated. An interim dividend is a dividend payment made before a company's annual general meeting (AGM) and the release of final financial statements.
Bissoy MCQ
#Commerce #Accounting

Related Questions

The receptionist at a veterinary clinic reviewed the office records and found that 3 out of every 8 animals treated at the clinic during the last 4 months were cats. At this rate, how many cats will be treated during the next 12 weeks if a total 288 animals are treated ?
A 108
B 96
C 36
D 24
A company declares a 40% stock dividend when there are 4.0 million common shares outstanding with a Tk.1 per value. Their current market price is Tk. 20 per share. Which of the following will be the effect of the stock dividend ?
A Retained earnings will decrease by Tk. 1.6 million and contributed capital will increase by Tk 1.6 million.
B Contributed capital will decrease by Tk 1.6 million and retained earnings will increased by Tk. 1.6 million
C Retained earnings will decrease by Tk. 32 million and contributed capital will increase by Tk. 32 million
D Contributed capital will decrease by Tk. 32 million and retained earnings will increase by Tk. 32 million
Find the amount of dividend per share received annually by a stock holder for the following : Par value = TK. 10, Dividend rate= 4%,
A TK. 0.5
B TK. 0.40
C None of these
The preferred stock of Jay's Comics currently sells for Tk. 23.25 per share. The annual dividend of Tk. 1.50 is fixed. Assuming a constant dividend forever,what is the rate of return on this stock ?
A 3.49 percent
B 6.45 percent
C 8.06 percent
D 8.50 percent
You are considering investing in a firm and wish to place a value on the common stock. The dividend on the firm's stock has not changed in the last five years. In absence of any information suggesting future changes in the dividend rate, the most appropriate stock valuation model be the -----model.
A zero growth
B constant growth
C non-constant groth
D growing perpetuity
Which of the following reason compel the leaders of Muslim League to enter in the Interim Government?
A The Congress accepted their demand that it would not nominate a non-Muslim League Muslim to the Interim Government
B The Viceroy accepted its stand that it would not join the Constituent Assembly
C The Viceroy had accepted its stand that it would not take steps to rescind the League Council's resolution of July 29
D The Muslim League wanted to get a foothold to fight for the cherished goal of Pakistan
A short term unsecured debt instrument issued by the corporate to meet their interim financial need, which is getting popular in Bangladesh is,
A Commercial paper
B Letter of credit
C Forfeiting
D Circular notes
Who is the interim Prime Minister of Pakistan?
A Maryam Nawaz
B Shahid Khagan Abbasi
C Imran Khan
D Asma Nawaz Shaif
An interim cabinet headed by Jawaharlal Nehru was formed by the congress in :
A August 1940
B August 1943
C September 1946
D September 1942
How many members were in the interim Parliament of India-
A 296
B 313
C 318
D 316

Next steps