Homework Answers
| A) Calculation of Retained & Earning for the month ended november 30 | ||||||
| Particulars | amount in $ | |||||
| Retained & earning in beginning | $ 29,40,000.00 | |||||
| add: Net income for november | $ 93,500.00 | |||||
| less: Dividend paid during november | $ 7,000.00 | |||||
| Retained & earning at the end | $ 30,26,500.00 | |||||
| B) Retained & Earning prepared before the november 30 2018 balance sheet because | ||||||
| to Calculate retained & earninng ending balance to include on the balance sheet | ||||||
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