How do you find the total assets?
retained earnings
total liabilities
declared dividends?
what do you add for each one of these?

plonak

I don't know if I really understand your question

Assets= add debits and subtract credits
Liabilities= add credits and subtract debits
Expenses= add debits and Subtract Credits
Revenues= add credits and subtract debits

Retained earnings is the account that you close your net income to.. at year end you are soposed to close your expenses/Income to the balance sheet (retained earnings account)

jean3255

Assets and Liabilities equal your balance sheet. Income less expenses equals your p & l.

Year end the difference between income and expenses are your retained earnings and each physical year starts a new p & l.

Your net worth shows up on your balance sheet as the difference.