BPP Black Friday sale!

40% discount on all BPP books specially for OpenTuition students!
Get it here >>

Difference between accumulated profits and “retained profit for year”

This topic has 1 reply, 2 voices, and was last updated 1 year ago by John Moffat.

Viewing 2 posts - 1 through 2 (of 2 total)

Author
Posts
March 14, 2023 at 9:31 pm #681317
menpagalhoon
Participant
- Topics: 68
- Replies: 35
Accumulated profits refer to retained earning which is a revenue reserve from which dividends are often paid out.
Retained profit for the year is the net profit, right?
March 15, 2023 at 9:38 am #681351
John Moffat
Keymaster
- Topics: 57
- Replies: 54482
Retained profit for the year is the profit after paying out dividends.
It is added to the accumulated profit (which is also known as retained earnings) which is a revenue reserve.
This is all explained in my free lectures.
Author
Posts

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.