Interested to Buy Any Domain ? << Click Here >> for more details...
how to transfer the retained earning amount from curret
year to next year? what is the path in apps financial
- 3 Answers
- 22621 Views
- TCS, I also Faced
- E-Mail Answers
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
Re: While you are in implemenation what are u faced the issues ? tell me what some ap & GL issues?
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
There is employee X and employee Y (who is supervisor of X); when Y submits expenses how will the system ensures that this should not go to X even if he has the approval authority.
What is the Invoicing System in Oracle R12
What is the use of operating unit, while configure multiorg?
How to Reconciliation AP to CM ? How to Reconciliation AR to CM ?
what is the difference between bonus reserve and bonus expense
What is the db number of a particular customer TCA?
What is the use of hr: user type, while configure multiorg?
I have created an invoice and made the payment in Accounts payable. Now the payment status is Negotiable and accounting status is processed. I reconciled the transaction in Cash Mgmt, The status changed from negotiable to Reconciled in CM. I checked the payment status for the invoice in payment window(AP), the payment status changed to RECONCILED UNACCOUNTED i.e correct but the accounting status is remain processed which is not the correct. I hope the transaction will be correct if the accounting status would have changed to PERTIAL . Please suggest any solution for the above query.
Can I do a payment of 50 bills on a post date. If yes, then how?
explain your project plan with exam pal? i am preparing inter view .............
What are register in India localisation?
What kind of budgets have you worked on?
Do you track and record relationships between customers e.g. franchises, subsidiaries etc.?
