II. Functioning of accounts
Class 1. Equity and liabilities

11. Retained earnings (debit or credit balance)


Account 11 " Retained earnings " may be subdivided to separate positive retained earnings in account 110 " Retained earnings (credit balance) " and negative retained earnings in account 119 " Retained earnings (debit balance) " .

In the absence of profits, the interim interest allocated to the shareholders' or partners' contributions by virtue of a clause guaranteeing a minimum dividend by the State, is recorded in account 11 " Retained earnings ".


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