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anikahall
Oct 3, 2007, 08:21 AM
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?

:)

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

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