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September 09, 2019

Charles Lutwidge
Statement of Retained Earnings

Statement of Retained Earnings

Financial statements, including the statement of retained earnings, are an essential part of financial accounting of business operations and many of them are required by law. They are created on a monthly, quarterly, and yearly basis according to generally accepted accounting..

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September 09, 2019

Charles Lutwidge
Statement of Retained Earnings: Example Calculation

Statement of Retained Earnings: Example Calculation

Uncovered loss or retained earnings in the balance sheet or statement of retained earnings are an indicator showing the company’s performance over the entire period of its existence. It is calculated cumulatively at the end of each defined reporting period. Here,..

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September 09, 2019

Charles Lutwidge
Retained Earnings Explained

Retained Earnings Explained

Retained earnings (uncovered loss) is an organization’s final accumulated financial result for the whole time a company has been operating. They’re a significant part of the financial statements, particularly the balance sheet. This article will cover retained earnings, how to calculate..

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September 09, 2019

Charles Lutwidge
What is retained earnings normal balance?

What is retained earnings normal balance?

For any commercial organization, the main goal is to maximize profit from their activities. For this reason, owners are always interested in the value of the retained earnings. Retained earnings are an inevitable part of every business. These are the means..

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September 09, 2019

Charles Lutwidge
Cash Basis Accounting

Cash Basis Accounting

Introduction: As the adage goes, “Accounting is the language of business.” If money is the entrepreneur’s fuel to run the business, accounting is the heart of financial matters. It is crucial to have a good understanding of which accounting method works..

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September 08, 2019

Charles Lutwidge
How to use the Retained Earnings Formula to track the profits your business has earned and kept

How to use the Retained Earnings Formula to track the profits your business has earned and kept

As a small business owner, you’re focused on providing a profitable product or service and achieving business growth, meaning more cash for you now plus a higher sale price in the future. Having accurate financial data is a priority for long..

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September 06, 2019

Charles Lutwidge
Introducing Balance Sheet

Introducing Balance Sheet

Introduction: Q: What do you call a friend who loves Math? A: Algebro! Accounting folks, in this article, you have to unleash the algebro in you and learn to solve the mystery there is in retained earnings.If you ever saw a..

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September 06, 2019

Charles Lutwidge
What is the accounting equation formula?

What is the accounting equation formula?

Introduction: The word ‘equation’ gives a feeling of anxiety or maybe a cringe for two kinds of people in the world: those who don’t love Math and those who aren’t loved by Math either. So, the term, accounting equation sounds scary..

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September 06, 2019

Charles Lutwidge
Accrual basis as an accounting method

Accrual basis as an accounting method

Introduction: What is accrual accounting? The word “cruel,” in its most specific definition, means willfully causing pain or suffering to others. The accrual basis of accounting is considered a complicated accounting method that requires thorough attention to all financial activities (especially..

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