With patience, understanding, and open communication, it’s possible to navigate this challenging situation and come out the other side stronger and more resilient than ever before. That being said, it’s not necessarily the case that you need to stop drinking altogether if your partner is an alcoholic. Some couples find that they’re able to make […]
The statement of retained earnings shows the period-endingretained earnings after the closing entries have been posted. Whenyou compare the retained earnings ledger (T-account) to thestatement of retained earnings, the figures must match. It isimportant to understand retained earnings is not closed out, it is only updated. Then, credit the income summary account with the total […]