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-   -   Retained earnings a contribution by owners. Correct? (https://www.askmehelpdesk.com/showthread.php?t=403775)

  • Oct 7, 2009, 10:45 PM
    jimmyjimmy12
    Retained earnings a contribution by owners. Correct?
    Is retained earnings a form of contribution by owners?

    Thanks
  • Oct 8, 2009, 05:11 AM
    ROLCAM

    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    Retained earnings are profits made by the business which are not withdrawn by the owners.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.
  • Oct 8, 2009, 04:44 PM
    jimmyjimmy12
    Quote:
    Originally Posted by ROLCAM View Post
    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    Retained earnings are profits made by the business which are not withdrawn by the owners.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

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