Question :

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


Reversing journal is a


A) Conventional Voucher
B) Unconventional Voucher
C) Both (a) and (b)
D) None of these

View Answer

Related Questions - 2


How many secondary groups are there in Tally


A) 15
B) 13
C) 28
D) 3

View Answer

Related Questions - 3


Vouchers can be displayed in


A) Accounts info
B) Day book
C) Inventory info
D) Ledger

View Answer

Related Questions - 4


Which option is used to view list of Primary and Secondary groups in Tally


A) List of Accounts
B) Accounts
C) List
D) None of these

View Answer

Related Questions - 5


Which of the following can be budgeted in tally


A) Nett Transactions
B) Closing Balance
C) Both A and B
D) None of the above

View Answer