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Examveda

Which of the following appears in the profit and loss appropriation account?

A. Interest on debentures

B. Dividend

C. Provision for taxation

D. Provision for bad debts

Answer: Option B

Solution(By Examveda Team)

Dividend appears in the profit and loss appropriation account. The main intention of preparing a profit and loss appropriation account is to show the distribution of profits among the partners.

This Question Belongs to Commerce >> Accounting

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