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?
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Difference between accumulated profits and "retained profit for year"
3y ago#1Retained 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.
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