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Retained earnings on the Trial Balance Report

Experts,

I have what I believe to be a pretty simple question however, I am unable to locate any good answers for it through the Flashbooks, the DRC, or this forum.

Why, on the Trial balance report, does the retained earnings account show a 0 balance?

Thanks in advance, and kind regards,

Lucas Fischer

Former Member
Former Member replied

Hi Lucas Fischer,

Retained earnings account is for P&L statement. It is nothing to do with balance sheet.

Thanks,

Gordon

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