what is the retainned earnings account? why are you take
for the x?
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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
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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 |
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 |
what is the accounting treatment for contingent laibility?
i have one doubt. i purchases of fixed assets from other state the value 5 lack. the transpotation cost of 50 thousand now the value of fixed asstes is 550000 or only 5 lack, it is right or worng .. pls cleare my question
under what circumstances, a realisation account is prepared. tell all the situations
In Pricing the gallons of petrol sold,service station 'A' follows the first-in-first-out method,while service station'B'follows last-in-first-out method.On 1st January both has the same quantity in stock viz.6,000 gallons at Rs.26 per gallon.During the month,each station recieved additional supplies of 6,000 gallons at Rs.27.50 per gallon.Sales for each of these two stations,during the month,were 8,800 gallons at Rs.29 per gallon. Determine for each service station,profit earned during the month and value of the petrol in stock at close of the month.
what is new updates in account
0 Answers Goya Foods, State Bank Of India SBI,
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i have interview in KVB on 12-12-08. so Please send me some questions asked in previous interviews contucted by KVB?