Retained Earnings

[Bansal, Mukesh (MED)]

Thanks for the information Derek, it helped me.

I really appreciate the promptness with which issue gets answered in this group.

Rgds,
Mukesh Bansal

-----Original Message-----
From: Derek Atkins [mailto:warlord at MIT.EDU]
Sent: Tuesday, April 27, 2004 7:55 PM
To: Bansal, Mukesh (MED)
Cc: gnucash-user at gnucash.org
Subject: Re: Retained Earnings


Hi,

The retained earnings are computed by looking purely by the sum of
account balances of I/E accounts at the start date.  Take a look at
balance-sheet.scm for the code involved.

-derek

"Bansal, Mukesh \(MED\)" <Mukesh.Bansal at geind.ge.com> writes:

> Hi,
>
> I'm using 1.8.8 version of GnuCash on RH 9.0. While preparing the
> year end balance sheet report I got struck with "Retained Earnings"
> getting listed wrongly on Balance Sheet. In the options of balance
> sheet I gave the start date as 1st Apr 2003 and end date as 31st Mar
> 2004. Net profit is getting listed correct (same as I'm having in my
> P & L report), but I'm getting some -ve figure for the Retained
> Earning.
>
> I will like to understand how Gnucash is calculating "Reatined Earning". Can someone help me with this?
>
> Thanks in advance,
> Mukesh Bansal
>
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>

-- 
       Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory
       Member, MIT Student Information Processing Board  (SIPB)
       URL: http://web.mit.edu/warlord/    PP-ASEL-IA     N1NWH
       warlord at MIT.EDU                        PGP key available