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
- 22378 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
I am currently working in reputed Org as a Oracle apps end user (AR). Learned R12 functional course, but no real time exp as in support or implementation project.Please guide. thank you.
Do you track and record relationships between customers e.g. franchises, subsidiaries etc.?
what is the use of hr: security profile, while configure multiorg?
What do you mean by Category Set ? and what is its Relevance ?
can any one tell me what exactly functional consultant do on daily basis? client requirements?
can we define 2 different currency revaluation at a time??
Re: While you are in implemenation what are u faced the issues ? tell me what some ap & GL issues?
payment types and payment methods.
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.
What is the procedure for requition import?
We have both consumption tax and With Holding Tax on each invoice, will there be any conflict involved?
When we run a GL Reconciliation Report, we also see the void payments in that report. Even though i disable the option of Show Void payments, its appearing in the report.How do i proceed so that i dont see those void payments in the GL Reconciliation Report?
What is Difference between Auto Copy Journal and recurring journal?
We are running Oracle EBS 11i and yesterday whilst doing my month-end I forgot to select "calculate finance charge" on form ARXSUPST AR Print Statement run. I am struggling to get to My Oracle and was hoping someone out there might have experienced or heard of a similar problem. What are my options to rectify this situation... I look forward to you inputs..... Thank you Regards Salie
How will account an advance of Rs.10000/- which is a permanent prepayment, can I make payment for this?
