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The Statement of Retained Earnings or Profit and Loss Appropriation Account is a financial statement that summaries the transaction affecting the retained earning accounts balances. It should be remembered that retained earnings account is prepared only for limited companies.
Other Articles Related "Statement of Retained Earning or Profit & Loss Appropriation Account":
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Necessity For Adjusting Entries in Accounting » Cash Versus Accrual Basis Accounting » Types of Accounting Adjustments » Identifying the Basis for Accounting Adjustments » Example of Adjustment Entries and its Solution » Work Sheet » Specimen Format of the Work Sheet » Steps in Preparing the Worksheet » Financial Statements » Statement of Retained Earning or Profit & Loss Appropriation Account » Balance Sheet » Difference Between Trial Balance & Balance Sheet
