Period End Closing

[amol_bairagi]

Dear Expert,

Could you tell me in which Catogery (Liablity,Asset,Equity,Expenditure) A/c Period End Closing A/c define at which name.

Thanks Regards

Amol

[Former Member]

Hi,

You should consult with your clients Account Manager before setting these accounts.

Generally.........

Retained Earnings Account=This Account might be in Equity Drawer (Profit/Loss).

Period-End Closing Account=Expenditure Drawer (Extraordinary Income).

Hope this will help.

Regards,

Sibasish

[Former Member]

Sibasish

what is the use of 340101 - Period End closing Account in Equity drawer

regards