Retained earnings: Difference between revisions
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The final accounting profit (or loss) for the reporting period which is transferred to the profit and loss reserve in the balance sheet to be accumulated with prior periods’ profits and losses. | The final accounting profit (or loss) for the reporting period which is transferred to the profit and loss reserve in the balance sheet to be accumulated with prior periods’ profits and losses. | ||
== See also == | == See also == | ||
* [[Profit and Loss reserve]] | * [[Profit and Loss reserve]] | ||
Revision as of 11:32, 22 June 2016
The final accounting profit (or loss) for the reporting period which is transferred to the profit and loss reserve in the balance sheet to be accumulated with prior periods’ profits and losses.
