The balance sheet is a key financial statement that public and private companies report on. It highlights a firm’s assets, liabilities, and equity.
Financial accounting refers to the process by which incoming and outgoing cash flows are recorded. These are typically summarized through three key statements: the income statement, the balance sheet, and the cash flow statement.
Table of Contents What are Retained Earnings Retained Earnings Formula Retained Earnings Explained Example of Retained Earnings Retained Earnings on Balance Sheet Retained Earnings vs Profit Limitations of Retained Earnings FAQs of Retained Earnings Retained Earnings Definition Written by Paul Boyce Posted in Finance > Financial Accounting Last Updated October 31, 2022 What are Retained