The term deficit is used instead of retained earnings when the retained earnings is a negative amount.
What is "deficit" appearing in stockholders' equity?
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The term deficit is used instead of retained earnings when the retained earnings is a negative amount.
Harold Averkamp (CPA, MBA) has worked as a university accounting instructor, accountant, and consultant for more than 25 years. He is the sole author of all the materials on AccountingCoach.com