Retained Earnings are also known as ______.

Question

KollegeApply · Accepted Answer

Retained Earnings are also known as ploughing back of profit. Explanation: • The amount of net profit that a corporation keeps for internal use rather than paying out as dividends to shareholders is known as retained earnings. • Because the earnings are “ploughed back” into the business to support future expansion, growth, and financial stability, this practice is sometimes referred to as “ploughing back of profit.”

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