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 - 2
Find out which is not a Default Ledger in Tally
A) Cash in Hand
B) Capital Account
C) Profit & Loss
D) None of these
Related Questions - 3
Default ‘godown’ name in tally is ________
A) Primary
B) Main location
C) A or B
D) None of the above
Related Questions - 4
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 - 5
Collection of ledgers of same nature is called
A) Vouchers
B) Asset
C) Group
D) None of these