alleryStart learning →Opening retained earnings 40,000, net income 25,000, dividends 10,000. Closing?
A35,000
B55,000
C75,000
D65,000
Answer & Solution
Correct answer: B. 55,000
Closing retained earnings are 40,000 plus 25,000 minus 10,000, which is 55,000.
Keep practising Cost Accounting
Browse all Cost Accounting questions for CA Inter, or explore more Cost and Management Accounting topics.
Related questions
Factory property taxes are categorised as which type of overhead?Cost accounting aims to compute cost, facilitate cost control and what?IFRS are issued by which body?Total assets are 500 and liabilities 320. What is equity?Opening cash 20, inflows 90, outflows 60. What is closing cash?Throughput accounting includes which costs in cost of goods sold?Across a business's life, FIFO, average cost and LIFO change which item?Standard cost variances at period end are split between COGS and what?