If, after all calculations, your balance sheet does not balance, you should adjust retained earnings accordingly.

Name: If, after all calculations, your balance sheet does not balance, you should adjust retained earnings accordingly.
Brand: Quizplus
Rating: 4.9 (40 reviews)

Question

Quizplus · Accepted Answer

The balance sheet not balancing typically indicates errors in the accounting entries, not an issue with retained earnings. Errors should be identified and corrected, not adjusted through retained earnings.

If, After All Calculations, Your Balance Sheet Does Not Balance