What is Retained Earnings and the steps to create Retained Earning?

What is mean by Retained Earnings?  Retained earnings are 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.   Retained Earnings (RE) are the portion of a business’s profits that are not distributed as dividends to shareholders but instead are reserved…

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