Retained earnings is an accumulation of all profits and losses of the company from the day it began operations until the day the balance sheet is prepared.

Name: Retained earnings is an accumulation of all profits and losses of the company from the day it began operations until the day the balance sheet is prepared.
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Question

Quizplus · Accepted Answer

Retained earnings represent the cumulative amount of net income that a company has retained, rather than distributed as dividends, since its inception.

Retained Earnings Is an Accumulation of All Profits and Losses