Sunday, November 25, 2007

Retained Earnings Accounts

Retained Earnings Accounts

Tested in 4.6x

OB53 - Define Retained Earnings Account

Most companies use one retained earnings account. For this reason, X can be used as the key.

In the chart of accounts you enter X in the P+L statement account type field, and for account determination you enter the retained earnings account under the key X.

FSP0 - Edit G/L account - Chart of accounts

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