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OpenTuition Course Note Chapter 4 Example 4

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  • May 19, 2010 at 4:27 am #43977
    vmyvmy
    Member
    • Topics: 6
    • Replies: 3
    • ☆

    Can someone advise me how to derive the Retained Earnings B/F of 755,000.00 ?

    Thanks for advice.

    May 19, 2010 at 8:03 pm #60572
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23315
    • ☆☆☆☆☆

    Hi again

    I don’t remember the question, and I haven’t got it in front of me.

    Check the SoFP carried forward position and deduct from Ret Ears the retained earnings from this year. That will give you the brought forward amount.

    Does that solve the problem?

    cheers

    werty

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