Period Closing
| Close Time Period
| DR ?????????? (based on the GL account type mapping for Profit Loss) CR 336000 Retained Earnings
| NOTE: Both sides of this accounting transaction uses the same GL account type default mapping. The account mapping mapping for 'Profit Loss' is not setup as part of the demo data so this transaction will not automatically post to the general ledger but will instead be put in the ERROR_JOURNAL as an unposted transaction. The transaction value is zero for both sides of journal...Even if it does have a value do we want to move it from P&L to Equity during the financial year? Normally this is done once at the end of the financial year???? |
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