A retained earnings account would be found in which type of entity's financial statements?
A) Sole Trader.
B) Partnership.
C) Company.
D) All of the above.

Question

Quizplus · Accepted Answer

Retained earnings refer to profits that are kept by the company for reinvestment or use in future operations. Therefore, they are only applicable to companies and not to sole traders or partnerships.

A Retained Earnings Account Would Be Found in Which Type