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View Full Version : How do I find out what the retained earnig for my t account


missvalue
Jul 2, 2012, 09:26 AM
How do you find out what retained earning to go on my t account

paraclete
Jul 2, 2012, 03:33 PM
how do you find out what retained earning to go on my t account

Well you post all the journal entries in the ledger, transfer the revenue and expense balances to the Profit and Loss loss account, transfer this balance to the retained earnings account and Voile!