The beginning balance of retained earnings was Rs 7 500 The-13030
The beginning balance of retained earnings was Rs. 7,500. The dividends paid to stockholders were Rs.1, 500. The ending balance of retained earnings is Rs. 5,000. What was the net income or net loss for the accounting period?
This multiple choice question (MCQ) is related to the book/course
vu mgt101 Financial Accounting.
It can also be found in
vu mgt101 Final Term - Quiz No.3.
The beginning balance of retained earnings was Rs. 7,500. The dividends paid to stockholders were Rs.1, 500. The ending balance of retained earnings is Rs. 5,000. What was the net income or net loss for the accounting period?
Net loss of Rs.1, 000
Net income of Rs. 1,000
Net loss of Rs. 2,000
Net income of Rs. 2,500
