Hi All
We have a issue here
We have closed accounting period 2005 and started entering data in 2006. In nov 2006 we have found some major corrections to be made int he year 2005. When we have tried simulating this in quality we found that the Retained earnings account is not being updated.
One more issue is how can we make adjustments like tax provision,divident provisions and transferes to reserves.
Any inputs are welcome
Regards
Muralidhar