Retained Earnings

[Derek Atkins]

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-derek

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

> 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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>> gnucash-user at gnucash.org
>> https://lists.gnucash.org/mailman/listinfo/gnucash-user
>>
>>
>
> -- 
>        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
>
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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