how to transfer the retained earning amount from curret
year to next year? what is the path in apps financial
Answer Posted / neehar ranjan sahoo
Retained earning is one of the most mandatory account
without which the setup book cannot be setup and its other
wise called as Fund balance.
And the transfer of the retained earning amount is very
automated process no manual intervention is required.
After netting off of each and every months profit against
lossess the ultimate profit gets transfered to the next
year.and it gets accumulated in the Adj-period of that year.
i mean if one start calculating the profit and lossess of
each and every months in a year then would b definitely
getting the same ultimate figure lying in the ADj year's
profit and lossess account.And that's the amount which gets
transfered automatically to the next year under the head
Retained earning account.
So the path is : through Adjusted year's Trial balance
one can reach at the adjusted profit and loss figure lying
in that Adjusted period.Which is the ultimate figure of
Retained earning and that figure gets automatically gets
transfered to the next year retained earning accounts.
Is This Answer Correct ? | 8 Yes | 2 No |
Post New Answer View All Answers
can any one tell me what exactly functional consultant do on daily basis? client requirements?
What kind of budgets have you worked on?
1.what is the name of program to create invoice automatic from po.? 2.How to auto upload the bank statement? 3.PO tax has not flown to invoice . why? Debit memo not generated for return of goods.??
difference between tds and income tax (India)
What is the meaning holding tax?
How do you adjust receivables?
What is difference between primary and secondary ledger
Hi I'm new in ERP - Oracle Application i appriciate if any one help me in this issue i need SQL to get badeget balance Acutal Balance Encumbrance Balance fund Avalable thanx ahmed
What is the procedure for requition import?
What is the use of mo: security profile, while configure multiorg?
explain your project plan with exam pal? i am preparing inter view .............
what is the meaning of purchase default and what are the types
In Subinventories Form, how to enable the Locator Control. A message displayed when changing the drop down list "FRM-40200: Field is protected against update.
Recurring Problem Posting i have Journals for sep 2018 that i approved but they are not available to post even though the period is open in Oracle R12 Issues
Provide an overview of AR cash receipt processing.