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

Answer / srini066

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

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)

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