‘Retained Earnings’ are also known as ______.

Question

KollegeApply · Accepted Answer

‘Retained Earnings’ are also known as ploughing back of profits. 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.”

AChoose Your Answer