what is retained earnings? What is the use of that?
Answers were Sorted based on User's Feedback
Answer / kishore
retained earnings means carry to the netprofit / netloss
into balance sheet to the liabilities side . we have
add/substract from the capital. it shows the companies
profit position
Is This Answer Correct ? | 14 Yes | 0 No |
Answer / sibun
In sap We assign retain earning a/c to each and every g/l
account by specify P/L account statement type in the chart
of account area of G/l account.
We can create more than one retain earning a/c.
At the end of the year loss or profit of P/l account carry
forward to retain earning account.
Is This Answer Correct ? | 6 Yes | 0 No |
Answer / phani sirimulla
It is a bridge to flow the profit/Loss to the Balance Sheet.
Is This Answer Correct ? | 3 Yes | 0 No |
Answer / deepak
retained earnings means carry forward the balance from profit & loss to balance sheet a/c. without create a retained earning account you can't create a g/l account
Is This Answer Correct ? | 0 Yes | 0 No |
Answer / narendra
retained earnings means carry to the netprofit / netloss
into balance sheet to the liabilities side . we have
add/substract from the capital.
Is This Answer Correct ? | 0 Yes | 3 No |
Answer / vijay
The amount which company kept with them before distributing
share holder is called Retained Earnings
Is This Answer Correct ? | 0 Yes | 4 No |
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