Day: November 10, 2020

What does the Profit and Loss Appropriation Account of a limited company show?

Select ONE answer:

1. capital and revenue reserves
2. how net profit is applied
3. how net profit is earned
4. the directors’ salaries

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 2

1. Not correct
2. Correct
3. Not correct
4. Not correct

This work is licensed under a Creative Commons Attribution 4.0 International License.