transfer to retained earningsForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › transfer to retained earningsThis topic has 1 reply, 2 voices, and was last updated 1 year ago by P2-D2.Viewing 2 posts - 1 through 2 (of 2 total)AuthorPosts December 14, 2022 at 8:40 am #674516 xyzcParticipantTopics: 413Replies: 175☆☆☆☆Why a transfer to retained earnings is an addition to retained earnings December 30, 2022 at 9:15 am #675214 P2-D2KeymasterTopics: 4Replies: 7031☆☆☆☆☆Because we are reducing the revaluation surplus, a debit entry to reduce the credit balance in equity and therefore the other side of the entry is the credit to retained earnings that is increasing the credit balance.Thanks.AuthorPostsViewing 2 posts - 1 through 2 (of 2 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In