retained earnings query

System
System Posts: 100,534 🤖 Admin 🤖
Hi All,

If the profit or loss has been left in the business each year, is that profit/loss carried forward into the accounts each year as 'retained earnings'?

Comments

  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:retained earnings query

    Yes that's correct.

    Regards
    Steve
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:retained earnings query

    Duplicated post.
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