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Accounting & Bookkeeping & Small Business Forum
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Guest
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| Posted: Tue Mar 02, 2004 4:46 am Post subject: Income statements |
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On the income statement at the end of the year
why aren't the numbers brought forward like the
numbers are on the balance sheet? |
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Guest
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| Posted: Wed Mar 03, 2004 10:18 am Post subject: RE: Income statements |
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| The income statement accounts close at yearend to the retained earning account. Each year they start fresh at zero. |
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