what is retained earnings? What is the use of that?

Answer Posted / 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



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What is the meaning of preliminary cost estimate for product cost collector?

697


cost accounting cost of ordering raw materials 1000 per order packing material 5000 per order cost of inventory raw material 1p. per minute packing material 5.p. per unit p.m production rate 200000 units per month

779


Explain intercompany postings? : fi- general ledger master data

694


What is the difference between the R/3 4.6version to R/3 4.7 version?

1792


What is the meaning of accrual calculation? : cost center accounting

720






Difference between structure and unstructured in MT940 In Bank reconciliation statement?

3644


1)how many tr's you have moved in support project?  2)tell me the complete process of idoc's? 3)what are the interfaces you have dealt wih in your project?

1668


What is the legacy system migration workbench (lsmw) and when would you use it in your sap fi/co rollout?

703


What are automatically set in the asset masters during initial acquisition? : fi- asset accounting

767


Explain the entire process of invoice verification from gr to invoice verification in sap with accounting entries?

800


what are the advantages & dis advantages document splitting in fico? where as we can see the reports gl a/c wise & particular vendor/customer/document wise why we prefer doc splitting? let me know the possible answer soon. asked @ Accenture.

3120


What are account assignment models?

726


What is credit control area in sap?

711


How is account type connected to document type? : fi- general ledger accounting

783


What are the features of APP programing

1744