Financial Statement – Fill In the Blanks

True Tamplin

Written by True Tamplin, BSc, CEPF®
Updated on August 15, 2021

1. Statement of retained earning is also known as .

2. From the date of the company can legally earn profit.

3. Profit prior to incorporation can not be distributed as .

4. Profit earned before the issuance of certificate entitling to commence business is shown as a in the balance sheet.

5. A dividend is a distributed to the share-holders.

6. Un-claimed dividend is shown as a in the balance sheet.

7. Interim dividend ehances the of the corporation.

8. When a dividend is declared is debited.

9. Expense and evenue summary is also known as .

10. When net income is transferred to retained earnings the expenses and revenue summary is .

True Tamplin, BSc, CEPF®

About the Author
True Tamplin, BSc, CEPF®

True Tamplin is a published author, public speaker, CEO of UpDigital, and founder of Finance Strategists.

True contributes to his own finance dictionary, Finance Strategists, and has spoken to various financial communities such as the CFA Institute, as well as university students like his Alma mater, Biola University, where he received a bachelor of science in business and data analytics.

To learn more about True, visit his personal website, view his author profile on Amazon, his interview on CBS, or check out his speaker profile on the CFA Institute website.

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