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    anikahall's Avatar
    anikahall Posts: 1, Reputation: 1
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    #1

    Oct 3, 2007, 08:21 AM
    Retained earnings
    Please help me with this question!!
    The problems is that after the books have been closed a review was done which revealed some other information. Any way my question is do retained earnings care a debt or credit balance?

    :)
    CaptainForest's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
    Ultra Member
    		  
    #2

    Oct 3, 2007, 05:17 PM
    They usually carry a credit balance.

    If they have a debit balance, you are in HUGE trouble financially.
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