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