WHAT IS THE DIFFERENCE BETWEEN NET PROFIT AND RETAINED EARNINGS?

 Hey people,

I have been running around the accounting department for the last few months to get things sorted in the marketing department. As a marketing professional, I do not understand much of the accounting terms told to me by the bookkeeper. However, I have started getting a good grasp of them lately. I now enjoy asking questions and knowing how these concepts affect the business. As a budding entrepreneur, it will help me when I start my own business. So, I got to know about the difference between net profit and retained earnings. I know that it may sound immature but these two can make you confused. So, here is an article that will clear your doubts.  

https://www.agibookkeeping.com.au/what-is-the-difference-between-net-profit-and-retained-earnings/



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