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how to transfer the retained earning amount from curret
year to next year? what is the path in apps financial
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Answer Posted / aravindreddy
General Ledger automatically posts the net balance of all
income and expense
accounts from the prior year to the retained earnings
account when you open
the first period of the fiscal year. GL will automatically
update the
retained earnings as needed, when you post journal entries
to the prior
year.
| Is This Answer Correct ? | 20 Yes | 1 No |
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