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Dear Sir,
Could you please clarify my another doubt which has already been posted.
E-mail Subject : F.52 GL Account Interest Scale Running Error
In anticipation of prompt help.
Regards,
Abdul Razak VT
| | | ---------------Original Message---------------
From: Vidhya Dhar
Sent: Friday, October 21, 2011 10:43 PM
Subject: Retained Earnings Account While Creating New P and L GL Accounts in ECC6
Hi Razak
Right you are ! Retained earnings account is a balance sheet account
featuring on the liabilities side of the balance sheet. It is the ultimate
gatherer of the profit / loss which is determined in the profit and loss
account. An increase in retained earnings account during closing indicates a
profit fit to be declared as a liability to the investors and a decrease in
the same denotes an erosion of the investors' capital.
Regards
VidhyaDhar |
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