Indicate the item that appears in the surplus account
A. Proposed dividend
B. Provision for taxation
C. Contribution to provident fund
D. None of these
Answer: Option A
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Related Questions on Accounting
Accounting provides information on
A. Cost and income for managers
B. Company's tax liability for a particular year
C. Financial conditions of an institutions
D. All of the above
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The correct answer is D. None of these✅
Reason:In the context of company accounts, the Surplus Account (Surplus in Statement of Profit and Loss) contains items such as balance of profit/loss, appropriations, and transfers to/from reserves.
A. Proposed dividend ❌
B. Provision for taxation❌
C. Contribution to provident fund ❌
Therefore, the correct answer is D. None of these