Question :
A) Indirect Income
B) Reserve and Surplus
C) Capital Account
D) Investments
Answer : B
Retained Earnings is an alias of
A) Indirect Income
B) Reserve and Surplus
C) Capital Account
D) Investments
Answer : B
Description :
Retained Earnings (RE) are the portion of a business’s profits that are not distributed as dividends to shareholders but instead are reserved for reinvestment back into the business. It is also called Reserve and Surplus.
Related Questions - 1
Where do we record interest received, commission received or rent received in Tally
A) Contra
B) Payment
C) Receipt
D) Journal
Related Questions - 2
Transfer of materials from one godown to another godown, use
A) Manufacturing Journal
B) Stock Journal
C) Purchase Journal
D) Both A & B
Related Questions - 3
Which of the following file is usually used as a master file
A) Inventory subsidiary
B) Cash disbursements
C) Cash receipts
D) Payroll transactions
Related Questions - 4
The options ‘use common narration’ and ‘narration each entry’ appear
A) Account creation screen
B) Voucher entry screen
C) F11 Accounting features
D) Voucher type creation screen
Related Questions - 5
Goods returning to a Creditor after challan but before bill we need to pass
A) Debit Note
B) Receipt Note
C) Rejection Out
D) Rejection In