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

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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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