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changes.mady.by.user Sharan Foga

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Transaction Type

Triggered By

Accounting Entries Generated

Comments

Period Closing

Close Time Period

DR ?????????? (based on the GL account type defaultmapping for Profit Loss mapping)
CR 336000 Retained Earnings

NOTE: The Both sides of this accounting transaction uses the same GL account type default mapping. The account mapping for 'Profit Loss' is not setup as part of the demo data setup so the this transaction will not automatically post to the general ledger but will instead be put in the ERROR_JOURNAL as an unposted transaction.
The transaction value is zero for both sides of journal...Even if it does have a value do we want to
move it from P&L to Equity during the financial year? Normally this is done once at the end of the financial year????


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