Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 16 - No. 3)
What is the purpose of the statement of retained earnings?
To report a company's financial position.
To report a company's financial performance.
To show how the company's retained earnings have changed over a period.
To show all of a company's assets.
Explanation
This statement explains the changes in retained earnings.
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