Normal Balance of Retained Earnings
Every account has a normal balance — the side that makes it go up. For retained earnings, that side is credit. Here's the logic behind it.
Every account has a normal balance — the side that makes it go up. For retained earnings, that side is credit. Here's the logic behind it.
Your P&L has four profit numbers — not one. Most founders only know the top line. Here's what the other three are telling you.