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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.
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Are retained earnings an asset or liability?
assets
Are retained earnings an asset equity or liability?
asset equity
Is retained earnings asset or liability?
Neither. Retained Earnings falls in the Equity section of the Balance Sheet.
What is retained earning an asset?
retained earnings an asset?
Is retained earnings a current liability?
Retained Earnings is a Non-Current Liability
Are retained earnings an asset or liability?
assets
Are retained earnings an asset equity or liability?
asset equity
Is retained earnings asset or liability?
Neither. Retained Earnings falls in the Equity section of the Balance Sheet.
What is retained earning an asset?
retained earnings an asset?
Is retained earnings a current liability?
Retained Earnings is a Non-Current Liability
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 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.
Is retained earnings a liability?
NO, the retained earnings would be in the equity part of the equation.
Is retained earnings an asset?
No, retained earnings comes after Net Income on the Income Statement. The retained earnings is less than the Net Income if a dividend is paid out.
What is the journal entry if asset appreciates?
Debit Asset accountCredit retained earnings
Where do you put retained earnings on a balance sheet?
liability
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.
