In which of the following financial statements would a retained earnings account be found?
A)Partnership
B)Company
C)Sole trader
D)None of the options shown would contain a retained earnings account

Question

Quizplus · Accepted Answer

A retained earnings account is a line item on a company's balance sheet, which is included in the financial statements of a company. Therefore, the only option where a retained earnings account would be found is in a company's financial statements, making Choice B the correct answer.

In Which of the Following Financial Statements Would a Retained