Which of these wood be an accounted for an expenses?.
1]Repayment of bank loan
2] Dividend to stock holders
3]purchase of land
4}Payment of current period loan

Which transactions would appear on an income statement. Dividends and purcahses of land affect only balance sheet accounts. Payments of a load would be Debit to 2 expense accounts and a Credit to Cash.

I have a correction on the payment of a loan. For a loan payment you will have a payment of the principal amount (Notes Payable) and for the interest (Interest Expense) which will be Debits and the Credit will be to Cash.

Purchases of land and dividend payments will not affect the income statement, only the balance sheet and the statement of cash flows will be affected.