Which of the following items is not an appropriation of profits ?

CS Executive · Cost and Management Accounting · PYQS · December 2020
Which of the following items is not an appropriation of profits ?
(A) Taxes on income and profit
(B) Preliminary expenses written off
(C) Provision for bad-debts
(D) Dividend paid

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Financial Accounting

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