what is the retainned earnings account? why are you take
for the x?

Answers were Sorted based on User's Feedback



what is the retainned earnings account? why are you take for the x?..

Answer / ca prem

Retained Earnings Account is opened to park the funds that
remain after distribution of dividends , the same is put
into use for either purchase of new machinery or is
invested , the interest earned on this invested has to be
ploughed back to Retained Earnings Account and cannot be
treated as Income in Normal course

Is This Answer Correct ?    6 Yes 0 No

what is the retainned earnings account? why are you take for the x?..

Answer / chandu

Retained earnings are profits after distributing the
dividends to equity share holders. The retained earnings are
reinvested in the business for business development or
diversification.

Is This Answer Correct ?    1 Yes 1 No

what is the retainned earnings account? why are you take for the x?..

Answer / koteswara rao

Retained earning is nothing but a accounting profit that
means previous year profit plus current year profit

Is This Answer Correct ?    0 Yes 2 No

Post New Answer

More Accounting AllOther Interview Questions

give journal entries for the following jan-1 started business with cash 50000 & loan 80000

14 Answers   Ascent,


Sir,I want to be good in accounting .Now i have got an oppurtunity to work in accounts department but i am average in accounts.So how can i improve and work with effiency guide me with ur tips.

0 Answers   ICAI,


what are the questions commomly asked in reuter's interview.?

0 Answers  


when you pay to the same vendor, same amount and same time, what is it called?

2 Answers  


What do you means strength of a person in accounting term

1 Answers  






What is compensation theorem?

0 Answers   GMC,


what is minority interest

3 Answers   Capital IQ,


WHAT R THE POTENTIAL EUITY SHARES

1 Answers  


calls in arrears come under which group in tally?

1 Answers  


what is outstanding expenses

5 Answers  


barwaha

0 Answers  


Expand G I S

5 Answers  


Categories