jimmyjimmy12
Oct 7, 2009, 10:45 PM
Is retained earnings a form of contribution by owners?
Thanks
ROLCAM
Oct 8, 2009, 05:11 AM
In a round about way you are correct.
Retained earnings are profits made by the business which are not withdrawn by the owners.
They are left in the business , for future
Workings in the business.
jimmyjimmy12
Oct 8, 2009, 04:44 PM
In a round about way you are correct.
Retained earnings are profits made by the business which are not withdrawn by the owners.
They are left in the business , for future
workings in the business.
Thank you