Statement of retained earning is also known as
From the date of
the company can legally earn profit.
Profit prior to incorporation can not be distributed as
A dividend is a
distributed to the share-holders.
Un-claimed dividend is shown as a
in the balance sheet.
Interim dividend ehances the
of the corporation.
When a dividend is declared
Expense and evenue summary is also known as
When net income is transferred to retained earnings the expenses and revenue summary is