If your client say to you that u have to maintained to retained earning account

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?

Question Posted / sapgaurav

3 Answers
9254 Views
Deloitte, I also Faced
E-Mail Answers

Answers were Sorted based on User's Feedback

If your client say to you that u have to maintained to retained earning account in our co. code , te..

Answer / 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

If your client say to you that u have to maintained to retained earning account in our co. code , te..

Answer / srini066

when company want to show the profits operational profit and non operational profits separately then they use two retain earning account

Is This Answer Correct ?

6 Yes

0 No

If your client say to you that u have to maintained to retained earning account in our co. code , te..

Answer / deepika@1

retained earning is ntng by a carrying forward dis yr profit to the next year...maintain in ob53 wid the help of chart of a/c & gl a/c (fs00)

Is This Answer Correct ?

0 Yes

0 No

Post New Answer

More SAP FI-CO (Financial Accounting & Controlling) Interview Questions

where it is integrated in fi & sd.pls tell me.

6 Answers Infosys,

IF BDCs fails in between the process what should be done next. with out effecting the old records which are updated.

1 Answers Infosys,

What exactly do you know about the sap fico?

0 Answers

explain true reversal, how is it different from regular reversal? : fi- general ledger accounting

0 Answers

For document clearing what are the customizing prerequisites ?

0 Answers

What work you have done with ABAP to solve the issues in FI ? What enhancements you have done in FI for support project ?

2 Answers IBM,

tell me the process of making partial payment from APP?

5 Answers Infosys,

What is the configuration setting to be done for posting the accrual in the actual costing run?

0 Answers

SAP FICO CBT

3 Answers Infosys,

Explain about fi organizational structure?

0 Answers

After entering a document can you delete the entry? Can you change the document? Which fields? can/not is changed?

5 Answers

How do you create gl account master data? : fi- general ledger

0 Answers

For more SAP FI-CO (Financial Accounting & Controlling) Interview Questions Click Here