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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

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