Post Utme Covenant University 2017 Accounting Question 40

Practice objective / multiple choice question 40 from the 2017 Post Utme Covenant University Accounting examination.

Post Utme Covenant University 2017 Accounting Objective / Multiple Choice
Question 40 POST_UTME_COVENANT_UNIVERSITY • 2017 • ACCOUNTING • objective

A company's trial balance shows a credit balance of ₦25,000 in the account 'Dividend Paid'. What is the correct treatment of this account in the company's financial statements?

Answer Options

A. Debit side of the balance sheet
B. Credit side of the balance sheet
C. Income statement
Correct Answer D. Statement of changes in equity
Correct Answer
D
Correct Option:
Statement of changes in equity

About This Question

This is Post Utme Covenant University 2017 Accounting Question 40. It is one of the objective questions from the 2017 Post Utme Covenant University Accounting examination.

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