vkoa

[Former Member]

Hi,

In VKOA transaction which G/L accounts( plz..mention the accounts.ex..P/L accounts and Account Keys.....etc ) we find.?

regards,

v.s.vas.

[Former Member · Accepted solution]

You can see G/L accont master data (FS00)in Type/description view.

here there are two radio button called P&L statement account and Balance sheet account,you can find through this which type of account is this.

Let me know if you need further help.

Reward if it helpful.

Regards,

Chandra

[Former Member · Accepted solution]

hi Chandra,

What is the difference between the P&L statement account and Balance sheet accounts?

regards,

vas.v.s.

[Former Member · Accepted solution]

Hi,

Can you consult your fi colleagues on this.

[Former Member · Accepted solution]

Hi Friend,

<b>Balance Sheet Accounts</b> ->

- be either Asset or Liability

- reported for point in time (as at Mar 31 2007)

- are carried forward every year

- represent net worth of company

<b>P & L Accounts</b> ->

- be either Income or Expense

- reported for a period of time (for year ending Mar 31 2007)

- not carried forward to next year,

- net (income - expense) transferred to Retained Earnings account

- represent profit & loss made in a period (usually a year)

<b>few links</b>:

http://help.sap.com/saphelp_nw04/helpdata/en/57/dd153c4eb5d82ce10000000a114084/frameset.htm

http://help.sap.com/saphelp_nw04/helpdata/en/e2/f16940c3c7bf49e10000000a1550b0/frameset.htm

http://help.sap.com/saphelp_nw04/helpdata/en/04/7b95fb42b0f94aba334c0890dbbda4/frameset.htm

[Former Member]

hi,

P/L Account : it is a G/L account which shows profit or loss made during a particular period , say for example or a month or quater etc

where as balance sheet account is nothing but the assests and liabilites of the company on particular day.

<b>in this transaction we will maintain the g/l accounts for the the account keys which we maintain in the pricing procedure</b>

Regards,

Murali

[krishnaswamy_kumaraswamy]

transaction code FS00

in the type and description you can find which type

[jiteshmehta]

Dear VS Vas

you can refer http://help.sap.com/bp_bblibrary/600/BBlibrary_start.htm

there in Country India, you will find J04- for SD, there you will find G/L assignments , description of this accounts you will get in Configuration guide of FI

Regards

Jitesh