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Difference in technical account for Mid year go live.

Hi Expert,

Need small help. There is one confusion.

We are going live for one country on 31.07.2017. Now as per rule 99999 gl should be 0 correct. Now below is scenario.

Asset 100

99999 100

99999 100

liability 100 This is clear.

Now P and L.

Expense 200

999999 200

Income 220

999999 220

Now there is a difference of 20 of net operating income. How to deal this 20? shall we put in 999999 or leave the difference. Please guide

Regards

Zunaid

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1 Answer

  • Oct 02, 2017 at 07:50 AM

    Hi Zunaid,

    You should have an equity account, the net profit goto equity account.

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