How do I find out what the retained earnig for my t account
How do you find out what retained earning to go on my t account
Jul 2, 2012, 03:33 PM
paraclete
Quote:
Originally Posted by missvalue
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!