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

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

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

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

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.

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0 No

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

Answer / phani sirimulla

It is a bridge to flow the profit/Loss to the Balance Sheet.

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

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

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

Answer / narendra

retained earnings means carry to the netprofit / netloss
into balance sheet to the liabilities side . we have
add/substract from the capital.

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0 Yes

3 No

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

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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