Doesnt Retained Earnings add to months Profit?
If Retained Earnings are “expensed” on the settlement sheet, then how do they factor into the Profit/Loss Statement? Shouldnt Retained Earnings also add to your Profit total for the month? For example: the cash deducted from your Settlement, yet accumulated in your Maintenance Account…is still money accumulating that is part of your profit.
What am i missing?
Is this a good question?