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Retained Earnings is a Non-Current Liability
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∙ 11y ago
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Retained earnings a asset or liability?
Retained earnings are non distributed profit part and hence a liability of the company to payback to the owners of company on case of dissolution that's why retained earning is liability and not the asset.
Are retained earnings an asset or liability?
assets
Is retained earnings asset or liability?
Neither. Retained Earnings falls in the Equity section of the Balance Sheet.
Where does retained earnings go?
Retained earnings is that part of current year's profit which is not distributed to share holders of company, so as it is a part of profit , it is shown under capital portion of liability side of balance sheet.
Are retained earnings an asset equity or liability?
asset equity
Is retained earnings a liability?
NO, the retained earnings would be in the equity part of the equation.
Retained earnings a asset or liability?
Retained earnings are non distributed profit part and hence a liability of the company to payback to the owners of company on case of dissolution that's why retained earning is liability and not the asset.
Are retained earnings an asset or liability?
assets
Is retained earnings asset or liability?
Neither. Retained Earnings falls in the Equity section of the Balance Sheet.
Where do you put retained earnings on a balance sheet?
liability
Are dividends paid out of the current year's profits or from retained earnings?
From retained earnings.
Where does retained earnings go?
Retained earnings is that part of current year's profit which is not distributed to share holders of company, so as it is a part of profit , it is shown under capital portion of liability side of balance sheet.
Are retained earnings an asset equity or liability?
asset equity
Retained earnings debit or credit?
Retained earnings are the profit of previous fiscal years and liability of business to return back to it's owner so it has a credit balance as of all liability accounts.
Is retained earnings asset equity liability income or expense?
Retained earnings is that part of profit which is not distributed to the share holders so it is the liability of the business towards its owners and that's why like all liabilities it is also the liability of business and shown in balance sheet.
What can you see from Statement of Retained Earnings?
Statment of retained earnings show tha how much opening retained earning was there at start of fiscal year how much net profit in current year and what is the closing balance of retained earnings.
What has no effect on retained earnings?
A transaction that only affects asset and/or liability accounts would have no impact on Retained Earnings. Such as paying an Accounts Payable invoice or receiving payment of an Accounts Receivable.
