2006-08-31 05:54:36 · 4 answers · asked by sameer k 1 in Business & Finance ➔ Small Business
Hi
It is retained earnings. This means the profit ploughed back into business without being distributed among the partners/surplus over dividend payments in case of companies, and the profits over and above drawings in case of propreitorship. In general, this is the money reinvested/re utilised in the business instead of being taken away from business
2006-09-03 00:49:09 · answer #1 · answered by Sankaranarayanan R 2 · 0⤊ 0⤋
Net earnings that you decide to keep in the business, instead of paying out to the owners.
2006-08-31 05:57:59 · answer #2 · answered by Dave 4 · 0⤊ 0⤋
Its your accumulated earnings you havent distributed to shareholders plus your current net income. That amount gets carried over to the next year and so on.
2006-08-31 05:59:34 · answer #3 · answered by fcsgolden 2 · 0⤊ 0⤋
Some places when you start working, they'll retain your first two weeks.
2006-08-31 05:57:54 · answer #4 · answered by alfonso 5 · 0⤊ 0⤋