Question regarding the retained earnings. After we book all the previous years' AJEs, in order to tie the R/E to prior year return, we still have a difference of 56,012.77. We need to credit R/E by 56,012. Can you please let us know why retained earnings does not tie out?
Or where I can look inorder to try and find the answer. By bookkeeper is out sick and need to get this done.
Thanks in advance.