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Difference between accumulated profits and “retained profit for year”

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

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March 14, 2023 at 9:31 pm #681317
menpagalhoon
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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
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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.
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