alleryStart learning →Opening retained earnings Rs 120 lakh, profit Rs 45 lakh, dividends Rs 20 lakh. Closing?
ARs 165 lakh
BRs 185 lakh
CRs 100 lakh
DRs 145 lakh
Answer & Solution
Correct answer: D. Rs 145 lakh
Opening balance plus net profit less dividends gives 120 + 45 - 20 = Rs 145 lakh.
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