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Negative retained earnings

This topic has 1 reply, 2 voices, and was last updated 14 years ago by MikeLittle.

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March 21, 2011 at 6:59 pm #47815
salu007
Member
- Topics: 58
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Dear Sir,
Can you tell me how do we treat Negative retained earnings in SOFP.do we net it off against the equity or show it as a negative figure in the SOFP
March 24, 2011 at 7:38 pm #80152
MikeLittle
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- Topics: 27
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Show it as a debit ( therefore, negative ) figure within the equity section of the SoFP
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