Question #28245
what do accountants and bookkeepers use difference names for accumulated profit?
Expert's answer
Accumulated profit is another word for retained earnings.
Possibly, it is to separate themselves from similar companies and create a brand. They will all want to stand out from the crowd, so if a business named itself after another, then they would be unlikely to be more successful than the other. But the profit is the same, there are only different names of it.
Possibly, it is to separate themselves from similar companies and create a brand. They will all want to stand out from the crowd, so if a business named itself after another, then they would be unlikely to be more successful than the other. But the profit is the same, there are only different names of it.
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