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
Default ledger accounts in tally are ________
A) Balance sheet profit & loss and trial balance
B) Profit & loss and trial balance
C) Cash and profit & loss accounts
D) Cash and bank accounts
Related Questions - 2
Related Questions - 3
________ gives the balance for each day for the voucher type has been selected.
A) Trial Balance
B) Day book
C) Balance Sheet
D) None of the above
Related Questions - 4
Discount Column is available in
A) Sales Invoice
B) Purchase Invoice
C) Both (a) and (b)
D) None of these