The proposed dividend for the Current Year would appear on the debit side of which account?

Question

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The proposed dividend for the Current Year would appear on the debit side of the Adjusted Profit and Loss Account. This is because the proposed dividend is a distribution of profits to shareholders, and therefore reduces the retained earnings of the company. The Adjusted Profit and Loss Account is used to show the profit or loss for the year after taking into account all adjustments, including the proposed dividend.

The Proposed Dividend for the Current Year Would Appear on the Debit