The record of how the profit or loss of a company has been allocated to distributions and reserves is found in the:
A . Reserves account
B . Appropriation account
C . Capital account
D . Retained profit account
Answer: B
The record of how the profit or loss of a company has been allocated to distributions and reserves is found in the:
A . Reserves account
B . Appropriation account
C . Capital account
D . Retained profit account
Answer: B