Question 19 Which statement is true for journalising the payment A. Retained earnings is debited and Preference s B. Retained earnings is credited and preference C. Cash is credited and preference Share Dividen D. Cannot say a b Retained earnings is credited and Preference Share Dividend Payable is debited Cannot say Retained earnings is debited and Preference Share Dividend Payable is credited Cash is credited and Preference Share Dividend Payable is debited d Question 20 Depreciation is necessary to calculate: A. Net profit B. Net financial position C. Tax D. Cannot say a Net profit b Tax Cannot say Net financial position d