Retained earnings on the Trial Balance Report
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,
Hi Lucas Fischer,
Retained earnings account is for P&L statement. It is nothing to do with balance sheet.