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Stetement of retained earnings summarizes the changes occured in retained earnings from opening balance to closing balance.

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Stetement of retained earnings summarizes the changes occured in retained earnings from opening balance to closing balance.

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A retained earnings statement contains information about retained earnings and dividends. Some companies also refer to this a profit and loss statement.

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Yes, dividends will have an impact on the retained earnings. It is important to note that dividends are considered to be a distribution of income and do not appear on the income statement. They will however be reduction in retained earnings on the statement of retained earnings or statement of changes in shareholders' equity (IFRS).

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in journal

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No. Retained Earnings appears in the Equity section of the Balance Sheet.

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