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What Is The Meaning Of Retained Earning? Where The Retained Earning Account Given?

Answer»

RETAINED Earnings represent the undistributed profits of a company i.e. profits retained. The retained EARNING account is a mandatory account to be given at the time of defining Set of Books (SOB).

Retained Earnings represent the undistributed profits of a company i.e. profits retained. The retained earning account is a mandatory account to be given at the time of defining Set of Books (SOB).



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