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- Thu Aug 22, 2019 11:07 am
- Forum: Financials (GL, AP, AR, FA & CM)
- Topic: What's the use of retained earnings account?
- Replies: 7
- Views: 16335
Re: What's the use of retained earnings account?
Retained earnings is the portion of a company's profit that is held or retained and saved for future use. Retained earnings could be used for funding an expansion or paying dividends to shareholders at a later date.