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    missvalue's Avatar
    missvalue Posts: 5, Reputation: 1
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    #1

    Jul 2, 2012, 09:26 AM
    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
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
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    #2

    Jul 2, 2012, 03:33 PM
    Quote Originally Posted by missvalue View Post
    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!
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