NickyW Registered Posts: 97 💫 🐯 💫
I am doing DFS by distance learning. In my notes it says that we wont have to produce a Statement of Change in Equity - consequently I have tended to skip over this bit. Is this right or should I be looking into this a bit more in depth!!


  • tallrodney
    tallrodney Registered Posts: 24 Dedicated contributor 🌟 🐵 🌟
    You are correct but you will have to do the part related to retained earnings for your balance sheet. Its quite straighforward

    Profit for the year
    Add Retained earnings
    Less dividends paid (make sure it is onlt the dividends that have been paid during the year)
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