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Reconcilation of Retained Earnings

Hello Experts,

I am getting the difference between the closing balance of 2007 for retaining earning and opening balance of retaining earning a/c for 2008.

So kindly guide me how i can reconcile the difference between the balances.

I think i need to add up the gl a/c balances (Net profit ) to the closing balance but in that case how do i know which gl a/cs are linked to retaining earning a/c

Thanks in advance

Vinod

Former Member
Former Member replied

Dear vinod,

by using F.01 you can get the values why because if you are maintaining the wrong Account Grouping , but in your FSV you are assign the G/L account properly, check that values and re consilate the values with Retained Earning account.

Regards

radha

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