[GNC] Retained Losses on Balance Sheet

[Michael or Penny Novack]

On 4/15/2023 3:17 PM, Murugan Muruganandam wrote:
> this thread gives you a complete run down on the concept.
>
> https://lists.gnucash.org/pipermail/gnucash-user/2016-December/067980.html
>
>
> to cross verify your retained losses, run a Profit and Loss report from the starting of  your book date and you should see the number.

More precisely, from the date you last did a "close the books" operation 
(that closes the net of the income and expense accounts to equity). What 
is "retained" is the net of income and expenses (either retained gains 
or retained losses)

The "start of books" works for the majority of us since few of us do a 
"close the books" so the date would be the same.


Michael D Novack