Financial statement – Fill in the blanks

True Tamplin

Written by True Tamplin, BSc, CEPF®
Updated on June 10, 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 .

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