Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

Which of the following would not appear on the statement of Retained Earnings?

1. Beginning Retained Earning Balance

2. Dividends

3. Service Revenue

4. Net Income 

user-image
Question added by Mehboob Ali Laghari , Social Mobilization Team Incharge , TRDP-European Union
Date Posted: 2015/07/18
ACHU CHE NGWA NJINONG
by ACHU CHE NGWA NJINONG , quality control/food safety coordinator , CHOCOCAM (Tiger Brand)

Service Revenue will not appear on the statement.

 

Shahbaz Hayder
by Shahbaz Hayder , Group Head of Finance , Sharif Group of Companies

Option3 is the right answer.

Muhammad Jawad Mustafa
by Muhammad Jawad Mustafa , Audit Senior , Yousuf Adil Chartered Accountants (ICF to Deloitte Touche' Tohmatsu Limited)

services revenue will not appear 

Muhammad Adnan Ilyas
by Muhammad Adnan Ilyas , Senior Officer Administration , Attock Oil Refinery Hospital (Pvt) Ltd.

Service revenue would not appear separately as Net Income already includes all types of revenues in it. So the correct answer is option 3.

Mohamed Ameen Askar Ali
by Mohamed Ameen Askar Ali , Treasury Accountant , Construction Products Holding Company KSA

3. SERVICE REVENUE WILL NOT APPEAR 

Rampada Jena
by Rampada Jena , Finance Manager , Debbas Enterprise Qatar WLL, Doha (IHG Group)

Service Revenue. It appears above the line of Income Statement.

Najat Kayyali
by Najat Kayyali , Grants Manager , Questscope

Items that would not appears on the statemen of retained earning is the Service Revenue.

Muhammad Hamza
by Muhammad Hamza , Accountant , Namal Education foundation

3                                                                                            

service revenue will not be added to retained earning

Mohamed Shafaz
by Mohamed Shafaz , Accountant , Gulf fruits trade company L.L.C

Divident will never appear under the Retained earnings section of a Balance sheet. Because, the balance amount of net income after paying the divident to shareholders is considered as retained earning.

Sumair Hussain
by Sumair Hussain , Cost & Financial Accountant , Clarion Builders & Construction Management Company

Option 3 Service Revenue. Because All type of Revenue Already included in Net Income and it will be add in Retain Earning in SOCIE

More Questions Like This