on 01-30-2015 4:35 PM
Hi Experts,
Great day!
I just would like to inquire about the possible causes of changes in Retained Earnings (RE) in a single year without running the balance carry forward yet or without any posting happened on the GL account of RE during the same year.
For example, in 2013 I had $4,290 of RE and running a balance carry-forward, the beginning balance for 2014 is now $4,500. But during September of 2014, I noticed that my RE is now $4,700. Take note that I haven't done any direct posting to its GL account nor I have executed the balance carry forward functionality.
What are the possible causes of the $200 movement in RE?
Thank you for your future help!
Sincerely,
DJ
Hi Dryan,
Generally the retained earnings will fluctuate based on your postings in P&L Account. If your income is more than your expenses then this will be increased or If your expenses is more than your income, then it will be decreased. So in the above case it is increasing means your income is more than your expenses. Hence check your income.
Regards,
Mukthar
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