Difference between revisions of "Retained Earnings"
From TrueERP wiki
(Created page with "<menu name=myMenu align=center> More Detail= Account Accounting Concepts Account Types Accounts List Accounts Reports Balance Sheet BAS Report [[BAS R...") |
|||
| Line 21: | Line 21: | ||
</menu> | </menu> | ||
| − | == | + | == Definition == |
| + | |||
| + | Earnings not paid out as dividends but instead reinvested in the core business or used to pay off debt. Also called earned surplus or accumulated earnings or inappropriate profit. Note: In TrueERP the Retained earnings amount is calculated automatically at the turn of the financial year. | ||
Revision as of 07:03, 15 February 2011
Definition
Earnings not paid out as dividends but instead reinvested in the core business or used to pay off debt. Also called earned surplus or accumulated earnings or inappropriate profit. Note: In TrueERP the Retained earnings amount is calculated automatically at the turn of the financial year.
