The profits retained in the business and set aside for specified purposes are known as

Related MCQs

• Sums of money laid aside and normally invested to provide a regular income on retirement or in compensation for disablement for the remainder of a person’s life is called:
• An agreement between the owner of a property to grant use of it to another party for a specified period at specified rent payable annually is called:
• An unincorporated business formed by the association of two or more persons who share risks and profits is called:
• The period of account used for financial purposes is known as:
• Legislation prohibiting the paying of wages below some specified level is known as
• Who propounded the Innovation theory of profits?
• For hannelizing the unaccounted money for productive purposes the Government Introduced the scheme of :
• Underground economic activity that is not declared for taxation purposes is called
• A bank loan made without collateral security to a private customer for specific purposes is called:
• Enterprise is the controlling unit of a business. The operating unit of a business is called: