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متابعة

Which of the following statements regarding the retained profit for the year is correct?

a. It is the net profit of the period. b. It is the net profit kept in the business after owner’s drawings. c. It is the amount of surplus cash in the business. d. It is the amount of profit the owner can take out of the business.

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تم إضافة السؤال من قبل مستخدم محذوف‎
تاريخ النشر: 2013/08/22
Yusuf Dalal
من قبل Yusuf Dalal , General Accountant. , Gmamco Contracting LLC

Retained earning are the accumalated total of Profit/(Loss) less paid dividened  since it incorporation and therefore none of the option in the above question seems to be correct.

 

 

مستخدم محذوف‎
من قبل مستخدم محذوف‎

Retained earnings represents the corporation's cumulative earnings that have not been distributed to its stockholders SO THERE IS NO RIGHT ANSWER NOTE : A negative amount of retained earnings is reported as deficit or accumulated deficit.

هشام عبدالله خليفه محمد
من قبل هشام عبدالله خليفه محمد , Senior Accountant , Al Watania Paper Product Co

b.
It is the net profit kept in the business after owner’s drawings

Hesham ElMosallamy
من قبل Hesham ElMosallamy , Senior Treasurer , Telecom Egypt

It is the net profit kept in the business after owner’s drawings

Emad Ramadan
من قبل Emad Ramadan , Internal Auditor , Liptis Egypt for Pharmaceuticals & Medical Products S.A.E

 It is the net profit kept in the business after owner’s drawings.

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