business started in 2019 with $1000 of owner's equity and that has never been closed into retained earnings so is it too late or can I do it this year
The business started in 2021 with $1000 of owner's equity and that has never been closed into retained earnings so is it too late or can I do it this year?
business started in 2019 with $1000 of owner's equity and that has never been closed into retained earnings so is it too late or can I do it this year
Generally, only current earnings become retained earnings. Owner's equity isn't normally closed into retained earnings, so there may not be anything to do.
business started in 2019 with $1000 of owner's equity and that has never been closed into retained earnings so is it too late or can I do it this year
Generally, only current earnings become retained earnings. Owner's equity isn't normally closed into retained earnings, so there may not be anything to do.
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