A running balance updates as new debits or credits are made, so you always see the most updated balance. Although a running balance is commonly maintained on the same Excel worksheet as the debits or ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

Retained earnings refer to the amount of net income that a business has after it has paid out dividends to its shareholders. Businesses generate earnings that are either positive or negative. Positive ...