Nidhi

• May 23rd, 2007

 

Retained Earnings is basically a account which receives balances when tear end closing is done . It refers to the earnings (can be profit or loss) of an organisation during a financila year

Spice

 Profile Answers by Spice 

• Sep 28th, 2007

 

Retained earnings is one of the mandatory accounts go be given when opening SOB. This is usually the 'undistibuted profit' of the shareholders. It can be a loss too ofcourse.

kinj84

 Profile Answers by kinj84 

• Jan 27th, 2008

 

It refers to the earnings or loss that the company retains at the end of the year/end of the period.

It is basically the portion of net income from end of the year which is retained by a corportation.

If the net income is positive then profits for that period are retained.

If the net income is negative then losses for that period are retained.

satishmkumar

 Profile Answers by satishmkumar 

• Jul 13th, 2009

 

The Retained Earnings is retained from business or the total profits generated in a financial year which is not distributed to shareholders.

tonyj666

 Profile Answers by tonyj666 

• Mar 31st, 2010

 

Retained earnings derived in Oracle terms as

Sum of all Revenue Account Balances - Sum of all Expense Account balances for the  accounting year.

They are calculated when you close the last period of an Accounting year/open the first period of the new accounting year

The accounting generated at this time will set Expense and Revenue account opening balances to zero for the new year. The Retained earnings account receives the net balance of Revenue - Expense. There will be an entry per Balancing segment

vikas

• Apr 30th, 2012

 

Retained earnings derived in Oracle terms as Sum of all Revenue Account Balances - Sum of all Expense Account balances for the accounting year.They are calculated when you close the last period ...