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-   -   Retained earnings (https://www.askmehelpdesk.com/showthread.php?t=136582)

  • Oct 3, 2007, 08:21 AM
    anikahall
    Retained earnings
    Please help me with this question!!
    The problems is that after the books have been closed a review was done which revealed some other information. Any way my question is do retained earnings care a debt or credit balance?

    :)
  • Oct 3, 2007, 05:17 PM
    CaptainForest
    They usually carry a credit balance.

    If they have a debit balance, you are in HUGE trouble financially.

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