Home »
MCQs »
Commerce MCQs »
Retained Earnings MCQs
The Retained Earnings account includes:
9. The Retained Earnings account includes:
- Revenue of the organization for the current year.
- Re-investment in the business by shareholders.
- Collected profits have had fewer benefits since the inception of the organization.
- Money retained in the business.
Answer: C) Collected profits have had fewer benefits since the inception of the organization
Explanation:
The retained earnings account includes collected profits that have had fewer benefits since the inception of the organization.