Retained profits is an example of
...Retained profits is an example of
Revenue reserve
Capital reserves
General reserves
Loan capital
Correct answer is A
Retained profit is part of the part of the profits of an organization not distributed as dividends but ploughed back into the business for expansion.
One of the advantage of the shortcomings of single entry procedures is that ...
A debit in the suspense accounting will appear in the balance sheet as? ...
Use the following information, \(\begin{array}{c|c} & Le\\ \hline \text{Sales} & 183,40...
\(\begin{array}{c|c} & N \\ \hline \text{Sales} & 14,600 \\ \text{Purchases} & 5,500 \\ ...
........................31/12/08...........31/12/09 Furniture and fittings..N21,000,............N...
\(\begin{array}{c|c} & Ade(N) & Bola(N) \\ \hline Capital & 40,000 & 30,000 \\ \hlin...
The equivalent of a club's receipts and payment account is the? ...