If your client say to you that u have to maintained to retained earning account in our co. code , tell me the processor in detail ? what are the benefit for 2 retained earning a/c in same co. code?
Answer Posted / sapgaurav
It is a bridge to flow the profit or loss to the balance sheet.
In Customizing, users define the retained earnings account that is assigned to expense accounts during G/L account master record creation. If there is only one retained earnings account, the system automatically uses the one defined in Customizing. If there is more than one retained earnings account, when you create a master record, you can select the retained earnings account for each profit and loss statement account.
steps to create Retained Earning Account
T-code OB53
enter chart of accounts
Account Assignment
in P&L stmt give X
& in Account: give the account number
You can create the account in FS00 later also
Is This Answer Correct ? | 10 Yes | 0 No |
Post New Answer View All Answers
Which of the fields you can display and log changes in fi?
What is the meaning of ADHOC P.O's Do we create Adhoc P.O's to our regular Vendors.What are the Tax aspects in this Issue.
In selection screen I have three fields, plant mat number, and material group. If I input plant how do I get the mat number and material group based on plant dynamically?
What do you understand by company and company code?
I want to learn SAP-FSCM, for past 6 months iam searching for best trainer or tutor in Hyderabad. who can teach SAP-FSCM (Treasury & Risk management) My Request to all any one who known about best faculty. Please share. Thanks.
What is activity-based costing? : co- general controlling
Why is it not possible to post to a customer accont in a previously closed period?
Where can I get linux for my sap business suite?
What do you understand by variance calculation in period end closing? : cost center accounting
cost accounting cost of ordering raw materials 1000 per order packing material 5000 per order cost of inventory raw material 1p. per minute packing material 5.p. per unit p.m production rate 200000 units per month
Tell me some important tickets in fico?
How does partial payment differ from residual payment? : fi- accounts receivable
What is an output variance? : co- cost center accounting
what do you mean by the accumulated depreciation?
How many normal and special peroids can be there in a fiscal year?