What is accumulated profit???
Prashanth
(Chartered Accountant)
(2322 Points)
Replied 21 November 2011
@ sumit
Accumulated Profits:-Profits earned by the entity is not distributed to the owners of the company (Share holders) and which is retained in the business for specific purpose or re-investment purpose and like wise every year it is retained, so it called accumulated profit.
Sasanka Bhalaki
(Student)
(1935 Points)
Replied 21 November 2011
The profits which is retained in the business and accumulated from starting to till date are called accumulated profits..
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